Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Wednesday, December 27th will be given a dividend of 0.19 per share by the real estate investment trust on Thursday, January 4th. This represents a $0.76 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date is Tuesday, December 26th.

Armada Hoffler Properties has increased its dividend by an average of 43.6% per year over the last three years and has increased its dividend every year for the last 3 years. Armada Hoffler Properties has a payout ratio of 77.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Armada Hoffler Properties to earn $0.98 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 77.6%.

Armada Hoffler Properties (NYSE:AHH) traded up $0.19 during trading hours on Friday, reaching $14.46. 248,211 shares of the company were exchanged, compared to its average volume of 252,689. The stock has a market cap of $652.48 million, a PE ratio of 14.38 and a beta of 0.55.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $27.10 million during the quarter, compared to analysts’ expectations of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.26 EPS. research analysts expect that Armada Hoffler Properties will post 0.99 EPS for the current year.

AHH has been the subject of several research reports. TheStreet raised Armada Hoffler Properties from a “c+” rating to a “b” rating in a research note on Tuesday. Zacks Investment Research raised Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Bank of America Corporation started coverage on Armada Hoffler Properties in a research note on Wednesday, September 6th. They set a “buy” rating and a $15.00 price objective for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 price objective on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.92.

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About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.

Dividend History for Armada Hoffler Properties (NYSE:AHH)

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