Armada Hoffler Properties Inc (NYSE:AHH) Announces $0.20 Quarterly Dividend

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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.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Armada Hoffler Properties had a net margin of 8.25% and a return on equity of 5.12%. The business had revenue of $28.70 million during the quarter, compared to analysts’ expectations of $28.13 million. equities research analysts expect that Armada Hoffler Properties will post 1.03 earnings per share for the current fiscal year.

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.

Dividend History for Armada Hoffler Properties (NYSE:AHH)

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