Armada Hoffler Properties, Inc. (AHRT) – What Are Brokerages Thinking About This Stock?

Armada Hoffler Properties, Inc. (NYSE:AHRT) has been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7.50.

AHRT has been the topic of a number of analyst reports. Jefferies Financial Group raised 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 report on Thursday, October 8th.

Armada Hoffler Properties Price Performance

NYSE:AHRT opened at $6.39 on Friday. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.91. The company’s 50-day moving average is $6.20 and its two-hundred day moving average is $6.44. The firm has a market cap of $477.00 million, a price-to-earnings ratio of -9.69 and a beta of 1.10. Armada Hoffler Properties has a 12-month low of $5.13 and a 12-month high of $7.33.

Armada Hoffler Properties (NYSE:AHRT) last posted its quarterly earnings results 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). The business had revenue of $52.32 million for the quarter. Armada Hoffler Properties had a negative net margin of 22.97% and a negative return on equity of 1.32%. Research analysts expect that Armada Hoffler Properties will post 0.60 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 30th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Armada Hoffler Properties’s dividend payout ratio is -84.85%.

About Armada Hoffler Properties

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.