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

Armada Hoffler Properties, Inc. (NYSE:AHRT) announced a quarterly dividend on Thursday, March 5th. Shareholders of record on Thursday, March 26th will be paid 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 payment by an average of 0.0%per year over the last three years. Armada Hoffler Properties has a dividend payout ratio of 400.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Stock Down 1.3%

Shares of AHRT opened at $5.64 on Tuesday. The firm has a fifty day moving average price of $6.49 and a 200-day moving average price of $6.65. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 2.46. The firm has a market capitalization of $584.34 million, a P/E ratio of -70.45 and a beta of 1.03. Armada Hoffler Properties has a 12-month low of $5.45 and a 12-month high of $7.98.

Analyst Ratings Changes

A number of brokerages have weighed in on AHRT. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. UBS Group set a $7.50 price objective on shares of Armada Hoffler Properties in a research note on Wednesday, January 14th. Zacks Research cut shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Stifel Nicolaus reduced their price target on shares of Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, Scotiabank lowered their price target on shares of Armada Hoffler Properties from $7.50 to $7.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Armada Hoffler Properties presently has an average rating of “Hold” and an average target price of $7.70.

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.