Armada Hoffler Properties, Inc. (AHRT) To Go Ex-Dividend on March 26th

Armada Hoffler Properties, Inc. (NYSE:AHRT) declared a quarterly dividend on Thursday, March 5th. Shareholders of record on Thursday, March 26th will be given a dividend of 0.14 per share by the real estate investment trust on Thursday, April 2nd. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Thursday, March 26th.

Armada Hoffler Properties has raised its dividend 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 $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 Price Performance

AHRT stock opened at $5.64 on Tuesday. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 2.46. The firm has a market cap of $584.34 million, a price-to-earnings ratio of -70.45 and a beta of 1.03. The company’s fifty day simple moving average is $6.49 and its 200 day simple moving average is $6.65. Armada Hoffler Properties has a 12-month low of $5.45 and a 12-month high of $7.98.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Frederick Blair Wimbush bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average cost of $6.19 per share, with a total value of $61,900.00. Following the transaction, the director directly owned 38,685 shares in the company, valued at $239,460.15. This trade represents a 34.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amundi boosted its holdings in shares of Armada Hoffler Properties by 5.9% in the first quarter. Amundi now owns 44,107 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 2,465 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Armada Hoffler Properties by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,791 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 2,015 shares in the last quarter. Jane Street Group LLC boosted its stake in Armada Hoffler Properties by 268.6% in the 1st quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 52,397 shares during the period. Strs Ohio bought a new position in Armada Hoffler Properties in the 1st quarter worth about $111,000. Finally, PNC Financial Services Group Inc. grew its holdings in Armada Hoffler Properties by 154.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 18,673 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 11,345 shares in the last quarter. 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.