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

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $6.47 and traded as low as $5.90. Armada Hoffler Properties shares last traded at $5.9150, with a volume of 1,017,604 shares trading hands.

Analysts Set New Price Targets

Several brokerages have issued reports on AHRT. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Armada Hoffler Properties in a report on Friday, August 7th. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Armada Hoffler Properties currently has an average rating of “Hold” and an average target price of $7.50.

Armada Hoffler Properties Stock Down 2.4%

The stock has a market cap of $441.20 million, a PE ratio of -9.39 and a beta of 1.05. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.10 and a quick ratio of 3.10. The company has a 50 day moving average price of $6.65 and a two-hundred day moving average price of $6.47.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a yield of 9.5%. Armada Hoffler Properties’s payout ratio is -88.89%.

Hedge Funds Weigh In On Armada Hoffler Properties

Several hedge funds and other institutional investors have recently bought and sold shares of AHRT. Eurizon Capital SGR S.p.A. bought a new stake in shares of Armada Hoffler Properties in the fourth quarter worth approximately $68,000. Hantz Financial Services Inc. lifted its position in Armada Hoffler Properties by 206.3% during the fourth quarter. Hantz Financial Services Inc. now owns 19,501 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 13,134 shares during the period. State of Wyoming lifted its position in Armada Hoffler Properties by 127.3% during the fourth quarter. State of Wyoming now owns 40,076 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 22,441 shares during the period. Finally, TT Capital Management LLC boosted its holdings in Armada Hoffler Properties by 24.5% in the fourth quarter. TT Capital Management LLC now owns 148,175 shares of the real estate investment trust’s stock worth $981,000 after purchasing an additional 29,200 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.