Armada Hoffler Properties Inc (NYSE:AHH) announced a quarterly dividend on Friday, May 4th, Wall Street Journal reports. Investors of record on Wednesday, June 27th will be given a dividend of 0.20 per share by the real estate investment trust on Thursday, July 5th. This represents a $0.80 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Tuesday, June 26th.
Armada Hoffler Properties has raised its dividend payment by an average of 5.4% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Armada Hoffler Properties has a dividend payout ratio of 76.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Armada Hoffler Properties to earn $1.11 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 68.5%.
Shares of Armada Hoffler Properties opened at $15.00 on Thursday, Marketbeat.com reports. Armada Hoffler Properties has a fifty-two week low of $12.67 and a fifty-two week high of $16.00. The firm has a market capitalization of $681.27 million, a price-to-earnings ratio of 15.15, a P/E/G ratio of 4.09 and a beta of 0.51. The company has a quick ratio of 12.86, a current ratio of 12.86 and a debt-to-equity ratio of 1.41.
Several brokerages have recently issued reports on AHH. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, May 1st. ValuEngine lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Monday, April 23rd. Finally, B. Riley lifted their price objective on shares of Armada Hoffler Properties from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.92.
About Armada Hoffler Properties
Armada Hoffler Properties, Inc (NYSE:AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly four decades of experience developing, building, acquiring and managing high-quality, institutional-grade office, retail and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.
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