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

Armada Hoffler Properties, Inc. (NYSE:AHRT) declared a quarterly dividend on Thursday, September 17th. Investors of record on Wednesday, September 30th will be given a dividend of 0.14 per share by the real estate investment trust on Thursday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

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 dividend 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 $0.64 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 87.5%.

Armada Hoffler Properties Stock Down 0.4%

Shares of NYSE:AHRT opened at $6.24 on Friday. The firm has a market capitalization of $465.07 million, a PE ratio of -9.90 and a beta of 1.05. The business has a 50 day simple moving average of $6.76 and a two-hundred day simple moving average of $6.48. Armada Hoffler Properties has a 1 year low of $5.13 and a 1 year high of $7.64. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.10 and a quick ratio of 3.10.

Wall Street Analysts Forecast Growth

AHRT has been the subject of several research reports. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, August 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Armada Hoffler Properties in a report on Friday, August 7th. Finally, Wall Street Zen upgraded Armada Hoffler Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $7.50.

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.