Armada Hoffler Properties (NYSE:AHRT) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Armada Hoffler Properties, Inc. (NYSE:AHRT) shares 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.

Wall Street Analysts Forecast Growth

AHRT has been the subject 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 downgraded shares of Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.50.

Armada Hoffler Properties Stock Performance

The firm has a market capitalization of $477.00 million, a PE ratio of -9.69 and a beta of 1.10. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 1.99. The firm has a 50-day moving average price of $6.19 and a 200 day moving average price of $6.43.

Armada Hoffler Properties (NYSE:AHRT) last issued its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported ($0.07) earnings per share (EPS) 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 return on equity of 1.36% and a negative net margin of 22.97%. Research analysts expect that Armada Hoffler Properties, Inc. will post 0.60 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.14 per share. The ex-dividend date of this dividend 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 is currently -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.