Armada Hoffler Properties, Inc. Announces Quarterly Dividend of $0.14 (NYSE:AHRT)

Armada Hoffler Properties, Inc. (NYSE:AHRT) declared a quarterly dividend on Thursday, September 17th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.14 per share by the real estate investment trust on Thursday, October 8th. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Wednesday, September 30th.

Armada Hoffler Properties has increased its dividend payment by an average of 0.0%per year over the last three years. Armada Hoffler Properties has a dividend payout ratio of 400.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Armada Hoffler Properties to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 87.5%.

Armada Hoffler Properties Price Performance

AHRT opened at $6.24 on Friday. Armada Hoffler Properties has a twelve month low of $5.13 and a twelve month high of $7.64. The firm has a market cap of $465.07 million, a price-to-earnings ratio of -9.90 and a beta of 1.05. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.91. The company has a fifty day simple moving average of $6.76 and a 200 day simple moving average of $6.48.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.