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

Armada Hoffler Properties, Inc. (NYSE:AHRT) declared a quarterly dividend on Tuesday, May 12th. Stockholders of record on Wednesday, June 24th will be given a dividend of 0.14 per share by the real estate investment trust on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Wednesday, June 24th.

Armada Hoffler Properties has increased its dividend payment by an average of 0.0%annually over the last three years. Armada Hoffler Properties has a payout ratio of 400.0% meaning 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 $0.69 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 81.2%.

Armada Hoffler Properties Price Performance

Shares of AHRT stock traded down $0.09 during trading hours on Wednesday, reaching $6.42. The stock had a trading volume of 442,742 shares, compared to its average volume of 1,294,186. Armada Hoffler Properties has a 12 month low of $5.13 and a 12 month high of $7.71. The firm has a market capitalization of $665.09 million, a PE ratio of -18.87 and a beta of 1.05. The company has a current ratio of 3.17, a quick ratio of 6.15 and a debt-to-equity ratio of 2.26. The stock’s fifty day simple moving average is $5.89 and its 200 day simple moving average is $6.37.

Armada Hoffler Properties (NYSE:AHRT) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.29). Armada Hoffler Properties had a negative net margin of 6.87% and a positive return on equity of 0.91%. The company had revenue of $40.06 million for the quarter, compared to the consensus estimate of $52.43 million. On average, equities research analysts predict that Armada Hoffler Properties will post 0.56 EPS for the current year.

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.