Armada Hoffler Properties, Inc. (AHRT) to Issue Quarterly Dividend of $0.14 on July 2nd

Armada Hoffler Properties, Inc. (NYSE:AHRT) announced a quarterly dividend on Tuesday, May 12th. Stockholders 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) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date 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% 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 $0.65 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 86.2%.

Armada Hoffler Properties Stock Down 0.1%

Shares of NYSE AHRT opened at $6.67 on Monday. The firm’s 50-day moving average price is $6.46 and its 200-day moving average price is $6.44. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 2.26. Armada Hoffler Properties has a 12-month low of $5.13 and a 12-month high of $7.71. The stock has a market capitalization of $671.23 million, a price-to-earnings ratio of -19.60 and a beta of 1.08.

Armada Hoffler Properties (NYSE:AHRT) last posted its quarterly earnings data on Monday, May 4th. The real estate investment trust reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.29). The company had revenue of $40.06 million during the quarter, compared to the consensus estimate of $52.43 million. Armada Hoffler Properties had a negative net margin of 6.87% and a positive return on equity of 0.91%. Armada Hoffler Properties has set its FY 2026 guidance at 0.510-0.550 EPS. On average, equities research analysts anticipate that Armada Hoffler Properties will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Armada Hoffler Properties

Several large investors have recently added to or reduced their stakes in AHRT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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. Daiwa Securities Group Inc. boosted its holdings in Armada Hoffler Properties by 7.9% in the second quarter. Daiwa Securities Group Inc. now owns 28,312 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 2,082 shares during the last quarter. Amundi boosted its holdings in Armada Hoffler Properties by 5.9% in the first quarter. Amundi now owns 44,107 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 2,465 shares during the last quarter. First Trust Advisors LP grew its position in Armada Hoffler Properties by 19.9% during the 4th quarter. First Trust Advisors LP now owns 16,806 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 2,792 shares during the period. Finally, Fox Run Management L.L.C. grew its position in Armada Hoffler Properties by 8.3% during the 3rd quarter. Fox Run Management L.L.C. now owns 44,522 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 3,426 shares during the period. 66.35% of the stock is owned by hedge funds and other institutional investors.

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.