Armada Hoffler Properties (NYSE:AHRT) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $6.52 and traded as low as $5.85. Armada Hoffler Properties shares last traded at $5.9450, with a volume of 466,234 shares.

Wall Street Analyst Weigh In

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

Armada Hoffler Properties Stock Up 3.5%

The company’s 50-day moving average price is $6.29 and its 200 day moving average price is $6.53. The stock has a market capitalization of $457.61 million, a P/E ratio of -9.74 and a beta of 1.09. The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.10 and a current ratio of 3.10.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th were issued a $0.14 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a yield of 9.1%. Armada Hoffler Properties’s 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.