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

Armada Hoffler Properties, Inc. (NYSE:AHRT) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Wednesday, June 24th will be given a dividend of 0.14 per share by the real estate investment trust on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Wednesday, June 24th.

Armada Hoffler Properties has raised its dividend 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. Analysts expect Armada Hoffler Properties to earn $0.69 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 81.2%.

Armada Hoffler Properties Trading Down 1.3%

AHRT traded down $0.09 during mid-day trading on Wednesday, hitting $6.42. 451,849 shares of the stock were exchanged, compared to its average volume of 1,294,339. The firm’s fifty day moving average is $5.89 and its two-hundred day moving average is $6.37. Armada Hoffler Properties has a 1-year low of $5.13 and a 1-year high of $7.71. The company has a market cap of $665.09 million, a PE ratio of -18.90 and a beta of 1.05. The company has a current ratio of 3.17, a quick ratio of 6.15 and a debt-to-equity ratio of 2.26.

Armada Hoffler Properties (NYSE:AHRT) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.29). The firm had revenue of $40.06 million during the quarter, compared to analyst estimates of $52.43 million. Armada Hoffler Properties had a negative net margin of 6.87% and a positive return on equity of 0.91%. Equities analysts forecast that Armada Hoffler Properties will post 0.56 earnings per share for the current fiscal year.

Insider Activity

In other Armada Hoffler Properties news, Director Frederick Blair Wimbush bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $6.19 per share, for a total transaction of $61,900.00. Following the completion of the purchase, the director directly owned 38,685 shares in the company, valued at $239,460.15. This trade represents a 34.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 11,064 shares of company stock worth $67,644. 11.90% of the stock is currently owned by insiders.

Institutional Trading of Armada Hoffler Properties

Several institutional investors have recently modified their holdings of the stock. Amundi raised its stake in Armada Hoffler Properties by 5.9% during the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Armada Hoffler Properties by 4.5% during the first 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 during the last quarter. Jane Street Group LLC grew its holdings in shares of Armada Hoffler Properties by 268.6% during the first 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 last quarter. Strs Ohio acquired a new stake in shares of Armada Hoffler Properties during the first quarter worth about $111,000. Finally, Creative Planning purchased a new stake in shares of Armada Hoffler Properties in the 2nd quarter valued at about $339,000. Hedge funds and other 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.