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

Key Points

• Armada Hoffler’s stock recently fell below its 200‑day moving average
• Analysts hold a consensus rating of Hold with a $7.70 consensus target after several firms trimmed price targets, leaving a mixed set of ratings (1 Strong Buy, 1 Buy, 2 Hold, 2 Sell).
• The REIT pays a high 9.0% dividend ($0.14 quarterly, $0.56 annual) but has a negative P/E and a -700% payout ratio that raise sustainability concerns, even as a director recently bought 10,000 shares at $6.19.

Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.39 and traded as low as $6.07. Armada Hoffler Properties shares last traded at $6.2150, with a volume of 751,365 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on AHRT shares. Stifel Nicolaus dropped their target price on shares of Armada Hoffler Properties from $10.50 to $9.00 and set a "buy" rating on the stock in a report on Tuesday, February 17th. Zacks Research upgraded shares of Armada Hoffler Properties from a "strong sell" rating to a "hold" rating in a report on Friday, April 17th. UBS Group set a $7.50 target price on shares of Armada Hoffler Properties in a report on Wednesday, January 14th. Finally, Scotiabank dropped their target price on shares of Armada Hoffler Properties from $7.50 to $7.00 and set a "sector perform" rating on the stock in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.70.

Armada Hoffler Properties Stock Performance

The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 2.46. The firm's fifty day moving average price is $5.85 and its 200-day moving average price is $6.39. The company has a market cap of $644.37 million, a P/E ratio of -77.69 and a beta of 1.06.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, March 26th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 9.0%. The ex-dividend date was Thursday, March 26th. Armada Hoffler Properties's payout ratio is -700.00%.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Frederick Blair Wimbush bought 10,000 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The shares were acquired at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the transaction, the director owned 38,685 shares in the company, valued at approximately $239,460.15. The trade was a 34.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders have bought 11,064 shares of company stock worth $67,644. 11.90% of the stock is currently owned by insiders.

Institutional Trading of Armada Hoffler Properties

Several institutional investors have recently made changes to their positions in AHRT. Berman McAleer LLC acquired a new stake in shares of Armada Hoffler Properties during the 3rd quarter valued at about $7,317,000. Verition Fund Management LLC boosted its position in shares of Armada Hoffler Properties by 1,030.1% during the 3rd quarter. Verition Fund Management LLC now owns 827,964 shares of the real estate investment trust's stock valued at $5,804,000 after acquiring an additional 754,701 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Armada Hoffler Properties by 310.4% in the third quarter. Ameriprise Financial Inc. now owns 980,456 shares of the real estate investment trust's stock valued at $6,883,000 after buying an additional 741,530 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in Armada Hoffler Properties by 46.8% in the second quarter. Qube Research & Technologies Ltd now owns 1,557,017 shares of the real estate investment trust's stock valued at $10,697,000 after buying an additional 496,620 shares in the last quarter. Finally, UBS Group AG boosted its position in Armada Hoffler Properties by 266.3% in the third quarter. UBS Group AG now owns 467,830 shares of the real estate investment trust's stock valued at $3,279,000 after buying an additional 340,116 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

About Armada Hoffler Properties

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.

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