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

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) passed above its 50 day moving average during trading on Monday. The stock has a 50 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 changing hands.

Analysts Set New Price Targets

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

Armada Hoffler Properties Stock Up 5.7%

The firm has a market cap of $479.24 million, a price-to-earnings ratio of -10.20 and a beta of 1.09. The business’s 50-day moving average is $6.21 and its 200-day moving average is $6.45. 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 (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 analysts’ consensus estimates of $0.14 by $0.02. The firm 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%. On average, equities analysts predict that Armada Hoffler Properties, Inc. will post 0.57 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently announced 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 8.7%. Armada Hoffler Properties’s payout ratio is -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.