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

Armada Hoffler Properties, Inc. (NYSE:AHRT) shares crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $6.49 and traded as low as $5.94. Armada Hoffler Properties shares last traded at $6.0650, with a volume of 932,135 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on AHRT. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, August 18th. Weiss Ratings cut shares of Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. One research 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.50.

Armada Hoffler Properties Stock Up 0.1%

The stock’s 50-day moving average is $6.45 and its 200-day moving average is $6.49. The stock has a market cap of $451.66 million, a P/E ratio of -9.61 and a beta of 1.09. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.91.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 30th were paid 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 9.2%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -88.89%.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a vertically integrated real estate company that develops, owns and operates a portfolio of multifamily, office and retail properties. Its projects often combine multiple property types in mixed-use environments designed to support residential, commercial and community activity.

The company’s multifamily portfolio includes apartment communities, while its commercial operations encompass office buildings and retail centers. Armada Hoffler also provides development, construction and property management capabilities, allowing it to oversee projects from development and construction through ongoing operations.

Founded in 1979, Armada Hoffler has historically focused on markets in the Mid-Atlantic and Southeast regions of the United States, with an emphasis on urban and high-growth locations.