Armada Hoffler Properties, Inc. (AHH) To Go Ex-Dividend on December 31st

Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Friday, November 21st. Investors of record on Wednesday, December 31st will be paid a dividend of 0.14 per share by the real estate investment trust on Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Wednesday, December 31st.

Armada Hoffler Properties has decreased its dividend payment by an average of 0.0%per year over the last three years. Armada Hoffler Properties has a 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. Analysts expect Armada Hoffler Properties to earn $1.10 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 50.9%.

Armada Hoffler Properties Trading Up 0.2%

Shares of Armada Hoffler Properties stock opened at $6.62 on Monday. The firm’s 50-day moving average price is $6.55 and its two-hundred day moving average price is $6.86. The company has a market capitalization of $686.36 million, a price-to-earnings ratio of 34.82 and a beta of 1.06. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 2.35. Armada Hoffler Properties has a 12-month low of $6.01 and a 12-month high of $10.27.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $72.15 million for the quarter, compared to analysts’ expectations of $66.23 million. Armada Hoffler Properties had a net margin of 6.77% and a return on equity of 4.43%. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. On average, analysts forecast that Armada Hoffler Properties will post 1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AHH. Invesco Ltd. lifted its position in Armada Hoffler Properties by 10.9% during the 3rd quarter. Invesco Ltd. now owns 2,218,775 shares of the real estate investment trust’s stock valued at $15,554,000 after acquiring an additional 218,167 shares during the period. Geode Capital Management LLC grew its position in Armada Hoffler Properties by 2.2% during the second quarter. Geode Capital Management LLC now owns 2,152,724 shares of the real estate investment trust’s stock valued at $14,791,000 after buying an additional 46,173 shares during the period. Qube Research & Technologies Ltd raised its position in Armada Hoffler Properties by 46.8% in the second quarter. Qube Research & Technologies Ltd now owns 1,557,017 shares of the real estate investment trust’s stock worth $10,697,000 after acquiring an additional 496,620 shares during the period. Brown Advisory Inc. grew its position in shares of Armada Hoffler Properties by 3,588.7% during the 2nd quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after acquiring an additional 1,084,825 shares during the period. Finally, Berman McAleer LLC purchased a new position in Armada Hoffler Properties during the third quarter valued at $7,317,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

About Armada Hoffler Properties

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.