Armada Hoffler Properties, Inc. (AHH) To Go Ex-Dividend on December 26th

Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Thursday, December 26th will be given 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 7.97%. The ex-dividend date is Thursday, December 26th.

Armada Hoffler Properties has increased its dividend payment by an average of 43.9% annually over the last three years. Armada Hoffler Properties has a payout ratio of 546.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Trading Down 5.0 %

Shares of Armada Hoffler Properties stock opened at $10.29 on Thursday. Armada Hoffler Properties has a 1 year low of $10.02 and a 1 year high of $13.09. The company has a 50 day simple moving average of $10.99 and a two-hundred day simple moving average of $11.31. The firm has a market cap of $1.04 billion, a PE ratio of -49.00 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The business had revenue of $68.60 million during the quarter, compared to the consensus estimate 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 company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Analysts expect that Armada Hoffler Properties will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AHH shares. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research report on Tuesday, November 5th.

Insider Buying and Selling

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

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.