Armada Hoffler Properties, Inc. (NYSE:AHRT) Stock Has Average Target Price of $7.50 According to Analysts

Armada Hoffler Properties, Inc. (NYSE:AHRT) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $7.50.

Several analysts recently issued reports on the company. Weiss Ratings lowered 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.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHRT opened at $6.37 on Friday. The stock’s fifty day simple moving average is $6.19 and its 200 day simple moving average is $6.43. The stock has a market capitalization of $475.29 million, a price-to-earnings ratio of -9.65 and a beta of 1.10. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 1.99. Armada Hoffler Properties has a 52-week low of $5.13 and a 52-week high of $7.33.

Armada Hoffler Properties (NYSE:AHRT) last announced its earnings results on Monday, November 2nd. The real estate investment trust reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.21). Armada Hoffler Properties had a negative return on equity of 1.36% and a negative net margin of 22.97%. The firm had revenue of $52.32 million during the quarter. As a group, sell-side analysts forecast that Armada Hoffler Properties will post 0.60 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th were paid a $0.14 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.8%. Armada Hoffler Properties’s payout ratio is presently -84.85%.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc. is a real estate investment trust that develops, builds, owns and manages commercial and residential properties. Its portfolio includes office buildings, retail centers and multifamily communities, with an emphasis on mixed-use projects that combine different property types. The company is based in Virginia Beach, Virginia, and focuses primarily on markets in the Mid-Atlantic and southeastern United States. In addition to managing its properties, Armada Hoffler provides development and construction services through its integrated real estate and construction operations.