Armada Hoffler Properties, Inc. (NYSE:AHRT) Stock Has Average Price Target of $7.50

Key Points

• Analysts have a consensus “Hold” rating on Armada Hoffler Properties, with one sell, two hold, one buy and one strong-buy rating. The average 12-month price target is $7.50 versus the stock’s $6.09 opening price.
• AHRT recently traded up 0.9%, with a market capitalization of approximately $454.6 million and a 52-week range of $5.13 to $7.33.
• The company paid a quarterly dividend of $0.14 per share, or $0.56 annualized, representing a 9.2% dividend yield.

Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) has received a consensus recommendation of "Hold" from the five analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $7.50.

A number of brokerages recently weighed in on AHRT. Jefferies Financial Group raised shares of Armada Hoffler Properties to a "strong-buy" rating in a research report on Tuesday, August 18th. Weiss Ratings lowered Armada Hoffler Properties from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday.

Armada Hoffler Properties Trading Up 0.9%

NYSE AHRT opened at $6.09 on Tuesday. 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 firm's fifty day moving average price is $6.43 and its 200 day moving average price is $6.50. The company has a market capitalization of $454.64 million, a price-to-earnings ratio of -9.67 and a beta of 1.09. Armada Hoffler Properties has a 12 month low of $5.13 and a 12 month high of $7.33.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Armada Hoffler Properties's payout ratio is presently -88.89%.

Armada Hoffler Properties Company Profile

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.

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