LONDON, UK / ACCESSWIRE / June 25, 2018 / Active-Investors has a free review on Armada Hoffler Properties, Inc. (NYSE: AHH) ("AHH") following the Company's announcement that it will begin trading ex-dividend on June 26, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 25, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on AHH:
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On May 03, 2018, AHH announced that its Board of Directors declared a cash dividend of $0.20 per common share for the second quarter of 2018. The dividend will be paid in cash on July 05, 2018, to stockholders of record on June 27, 2018.
AHH's indicated dividend represents a yield of 5.34%, which is substantially higher than the average dividend yield of 3.06% for the financial sector. The Company raised its dividend for four years in a row.
AHH has a dividend payout ratio of 77.7%, which indicates that the Company distributes approximately $0.77 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, AHH is forecasted to report earnings of $0.34 for the upcoming year compared to the Company's annualized dividend of $0.84. One of the primary reasons for the difference between earnings and annualized dividend is that AHH is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.
Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization (D&A) to earnings and subtracting any gains on sales which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, AHH's net income was $7.0 million, or $0.11 per diluted share, for the quarter ended March 31, 2018, compared to net income of $8.8 million, or $0.16 per diluted share, for the quarter ended March 31, 2017.
On the other hand, the Company's normalized FFO was $15.4 million, or $0.25 per diluted share, for Q1 2018 compared to normalized FFO of $14.6 million, or $0.26 per diluted share, for Q1 2017. The FFO number indicates that the Company should be able to comfortably cover its dividend payout.
Recent Development for AHH
On June 15, 2018, AHH announced that, under its at-the-market continuous equity offering program, the Company issued an aggregate of 3,542,178 shares of its common stock from April 01, 2018, through June 14, 2018, at a weighted average offering price of $14.07 per share, receiving gross proceeds of approximately $49.9 million. The Company anticipates that this activity will fulfill its equity needs for 2018.
About Armada Hoffler Properties, Inc.
AHH is a vertically-integrated, self-managed real estate investment trust (REIT) with nearly four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. The Company also provides general construction and development services to third-party clients, in addition to developing and building properties to be placed in its stabilized portfolio.
Stock Performance Snapshot
June 22, 2018 - At Friday's closing bell, Armada Hoffler Properties' stock marginally rose 0.26%, ending the trading session at $15.19.
Volume traded for the day: 271.75 thousand shares.
Stock performance in the last month – up 5.12%; previous three-month period – up 17.12%; and past twelve-month period – up 10.88%.
After last Friday's close, Armada Hoffler Properties' market cap was at $938.29 million.
Price to Earnings (P/E) ratio was at 38.17.
The stock has a dividend yield of 5.27%.
The stock is part of the Financial sector, categorized under the REIT - Diversified industry. This sector was up 0.1% at the end of the session.
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