Ex-Dividend Alert: Armada Hoffler Properties Has a Dividend Yield of 4.91%; Will Trade Ex-Dividend on December 26, 2017

LONDON, UK / ACCESSWIRE / December 22, 2017 / Active-Investors has a free review on Armada Hoffler Properties, Inc. (NYSE: AHH) following the Company’s announcement that it will begin trading ex-dividend on December 26, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on December 22, 2017. 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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Dividend Declared

On November 02, 2017, Armada Hoffler announced that its Board of Directors declared a cash dividend of $0.19 per common share for the fourth quarter of 2017. The fourth quarter dividend will be paid in cash on January 04, 2018, to stockholders of record on December 27, 2017.

Armada Hoffler’s indicated dividend represents a yield of 4.91%, which is substantially above the average dividend yield of 3.79% for the financial sector. The Company has raised dividend for three consecutive years.

Dividend Insights

Armada Hoffler has a dividend payout ratio of 76.8%, which means 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, Armada Hoffler is forecasted to report earnings of $0.43 for the next year compared to the Company’s annualized dividend of $0.76. One of the primary reasons for the difference between earnings and an annualized dividend is that Armada Hoffler is a Real Estate Investment Trust (REIT), 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 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, Armada Hoffler reported net income of $10.5 million, or $0.17 per diluted share, for the quarter ended September 30, 2017, compared to net income of $7.9 million, or $0.15 per diluted share, for the quarter ended September 30, 2016. On the other hand, the Company posted normalized funds from operations (“FFO”) of $15.5 million, or $0.25 per diluted share, for the quarter ended September 30, 2017, compared to Normalized FFO of $13.2 million, or $0.26 per diluted share, for the quarter ended September 30, 2016. The FFO indicates that the Company should be able to comfortably cover its dividend payout.

As of September 30, 2017, Armada Hoffler had cash and cash equivalents of $19.72 million compared to $21.94 million available as of December 31, 2016. As of September 30, 2017, the Company had $493.5 million of total debt outstanding, including $58.0 million outstanding under its revolving credit facility. Approximately 47.6% of Armada Hoffler’s debt had fixed interest rates or were subject to interest rate swaps as of September 30, 2017. After considering LIBOR interest rate caps with strike prices at or below 150 basis points as of September 30, 2017, 100% of the Company’s debt was fixed or hedged. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About Armada Hoffler

Armada Hoffler Properties 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

December 21, 2017 – At Thursday’s closing bell, Armada Hoffler Properties’ stock marginally climbed 0.26%, ending the trading session at $15.53.

Volume traded for the day: 258.61 thousand shares.

Stock performance in the last month – up 1.84%; previous three-month period – up 14.11%; past twelve-month period – up 8.30%; and year-to-date – up 6.59%

After yesterday’s close, Armada Hoffler Properties’ market cap was at $963.33 million.

Price to Earnings (P/E) ratio was at 32.97.

The stock has a dividend yield of 4.89%.

The stock is part of the Financial sector, categorized under the REIT – Diversified industry. This sector was up 0.7% at the end of the session.

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