Armada Hoffler Properties, Inc. (AHRT) to Distribute Quarterly Dividend of $0.14 on October 8th

Armada Hoffler Properties, Inc. (NYSE:AHRT) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Wednesday, September 30th will be paid 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 yield of 8.9%. The ex-dividend date of this dividend is Wednesday, September 30th.

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% 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 $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 Performance

NYSE:AHRT traded up $0.04 during trading hours on Friday, reaching $6.28. 654,384 shares of the company’s stock were exchanged, compared to its average volume of 1,047,472. The company has a 50-day moving average of $6.76 and a 200 day moving average of $6.48. Armada Hoffler Properties has a 1-year low of $5.13 and a 1-year high of $7.59. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $468.05 million, a price-to-earnings ratio of -9.94 and a beta of 1.05.

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.