Armada Hoffler Properties (NYSE:AHRT) Stock Price Breaks Above 50 Day Moving Average – What’s Next?

Armada Hoffler Properties, Inc. (NYSE:AHRT)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $6.21 and traded as high as $6.53. Armada Hoffler Properties shares last traded at $6.4250, with a volume of 1,674,148 shares.

Analysts Set New Price Targets

Several analysts have recently commented on AHRT shares. Weiss Ratings cut Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Jefferies Financial Group upgraded Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.50.

Armada Hoffler Properties Stock Performance

The stock’s 50 day simple moving average is $6.21 and its two-hundred day simple moving average is $6.45. The company has a market capitalization of $479.24 million, a P/E ratio of -10.20 and a beta of 1.09. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.10 and a quick ratio of 3.10.

Armada Hoffler Properties (NYSE:AHRT) last released its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $52.32 million for the quarter. Armada Hoffler Properties had a negative net margin of 18.23% and a negative return on equity of 0.79%. As a group, research analysts expect that Armada Hoffler Properties, Inc. will post 0.57 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.56 annualized dividend and a yield of 8.7%. Armada Hoffler Properties’s dividend payout ratio is currently -88.89%.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a real estate investment trust that owns, develops and manages a portfolio of multifamily, office and retail properties. The company focuses primarily on high-quality, mixed-use and urban-oriented real estate assets.

Armada Hoffler’s properties and development activities are concentrated in the Mid-Atlantic and Southeast regions of the United States, with a particular presence in markets such as Virginia, Maryland, North Carolina and South Carolina. Its portfolio includes apartment communities, office buildings, shopping centers and mixed-use projects that combine residential, commercial and retail space.

Founded in 1979, the company has historically operated as an integrated real estate business, combining property ownership and management with development and construction capabilities.