Armada Hoffler Properties, Inc. (NYSE:AHH) Declares Dividend Increase – $0.16 Per Share


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Armada Hoffler Properties, Inc. (NYSE:AHH) announced a quarterly dividend on Tuesday, May 4th, Wall Street Journal reports. Stockholders of record on Wednesday, June 30th will be given a dividend of 0.16 per share by the real estate investment trust on Thursday, July 8th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Tuesday, June 29th. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.15.

Armada Hoffler Properties has decreased its dividend by 42.1% over the last three years and has increased its dividend annually for the last 1 consecutive years.

Shares of NYSE AHH traded down $0.47 during midday trading on Tuesday, reaching $13.59. The company’s stock had a trading volume of 314,192 shares, compared to its average volume of 255,137. The company has a debt-to-equity ratio of 1.56, a quick ratio of 15.37 and a current ratio of 15.37. Armada Hoffler Properties has a fifty-two week low of $6.40 and a fifty-two week high of $14.38. The business’s 50 day moving average price is $13.18 and its two-hundred day moving average price is $11.60. The company has a market cap of $1.09 billion, a P/E ratio of 30.27 and a beta of 0.76.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Wednesday, February 10th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Armada Hoffler Properties had a net margin of 10.98% and a return on equity of 6.91%. The business had revenue of $44.65 million during the quarter, compared to analyst estimates of $43.99 million. Sell-side analysts forecast that Armada Hoffler Properties will post 1.09 earnings per share for the current fiscal year.

Several research analysts have commented on the stock. DA Davidson upgraded shares of Armada Hoffler Properties from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, April 20th. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $11.50.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

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Dividend History for Armada Hoffler Properties (NYSE:AHH)

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