Armada Hoffler Properties Inc (NYSE:AHH) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Wednesday, December 27th will be given a dividend of 0.19 per share by the real estate investment trust on Thursday, January 4th. This represents a $0.76 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Tuesday, December 26th.

Armada Hoffler Properties has increased its dividend by an average of 43.6% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Armada Hoffler Properties has a payout ratio of 76.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Armada Hoffler Properties to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 75.2%.

Armada Hoffler Properties (AHH) opened at $15.49 on Thursday. Armada Hoffler Properties has a twelve month low of $12.65 and a twelve month high of $16.00. The company has a market capitalization of $695.17, a P/E ratio of 15.32, a P/E/G ratio of 4.56 and a beta of 0.58. The company has a quick ratio of 10.44, a current ratio of 10.44 and a debt-to-equity ratio of 1.13.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The firm had revenue of $27.10 million for the quarter, compared to the consensus estimate of $27.06 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. analysts expect that Armada Hoffler Properties will post 0.99 EPS for the current fiscal year.

AHH has been the topic of several analyst reports. B. Riley reiterated a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. Zacks Investment Research downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Monday, October 9th. Bank of America initiated coverage on Armada Hoffler Properties in a report on Wednesday, September 6th. They set a “buy” rating and a $15.00 price target on the stock. TheStreet upgraded Armada Hoffler Properties from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. Finally, ValuEngine upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $15.20.

In other Armada Hoffler Properties news, CEO Louis S. Haddad acquired 15,000 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $14.92 per share, with a total value of $223,800.00. Following the completion of the transaction, the chief executive officer now owns 267,221 shares of the company’s stock, valued at $3,986,937.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.59% of the stock is currently owned by corporate insiders.

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About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.

Dividend History for Armada Hoffler Properties (NYSE:AHH)

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