Armada Hoffler Properties, Inc. (NYSE:AHH) Announces $0.21 Quarterly Dividend

Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Thursday, December 26th will be paid a dividend of 0.205 per share by the real estate investment trust on Thursday, January 2nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date is Thursday, December 26th.

Armada Hoffler Properties has increased its dividend by an average of 43.9% per year over the last three years. Armada Hoffler Properties has a payout ratio of 546.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Armada Hoffler Properties to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 73.2%.

Armada Hoffler Properties Stock Down 1.5 %

Shares of NYSE:AHH traded down $0.16 during mid-day trading on Tuesday, hitting $10.83. 1,919,663 shares of the company traded hands, compared to its average volume of 491,578. The firm has a market cap of $1.10 billion, a P/E ratio of -51.71 and a beta of 1.03. Armada Hoffler Properties has a 52-week low of $10.02 and a 52-week high of $13.09. The firm’s 50 day simple moving average is $11.00 and its 200 day simple moving average is $11.32. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.42). The firm had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. On average, equities analysts anticipate that Armada Hoffler Properties will post 1.27 EPS for the current year.

Insider Buying and Selling

In related news, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the purchase, the director now owns 31,649 shares of the company’s stock, valued at $343,391.65. This represents a 16.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel A. Hoffler bought 95,238 shares of Armada Hoffler Properties stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the purchase, the director now directly owns 266,647 shares in the company, valued at $2,799,793.50. This trade represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 104,238 shares of company stock worth $1,097,649. Corporate insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AHH. Stifel Nicolaus lifted their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.