Armada Hoffler Properties (NYSE:AHRT) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Armada Hoffler Properties, Inc. (NYSE:AHRT)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $6.43 and traded as low as $6.30. Armada Hoffler Properties shares last traded at $6.3950, with a volume of 602,090 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on AHRT shares. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a 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 research 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 issued a Sell rating to the company. According to MarketBeat, Armada Hoffler Properties has a consensus rating of “Hold” and an average target price of $7.50.

Armada Hoffler Properties Stock Down 0.4%

The company has a debt-to-equity ratio of 1.99, a current ratio of 3.25 and a quick ratio of 3.25. The firm’s fifty day moving average is $6.19 and its 200-day moving average is $6.43. The stock has a market capitalization of $473.29 million, a price-to-earnings ratio of -9.61 and a beta of 1.10.

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

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 30th were given 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 dividend payout ratio (DPR) 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.