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.
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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