Armada Hoffler Properties (NYSE:AHRT) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• Armada Hoffler Properties shares fell below their 200-day moving average, reaching $5.90 and closing around $5.92 versus the $6.47 average.
• Analyst sentiment is mixed, with ratings ranging from Strong Buy to Sell; the consensus rating is Hold and the average price target is $7.50.
• The REIT declared a quarterly dividend of $0.14, equivalent to $0.56 annually and a 9.5% yield; institutional investors own 66.35% of the shares.

Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-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.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a "strong-buy" rating in a report on Tuesday, August 18th. Weiss Ratings restated a "sell (d+)" rating on shares of Armada Hoffler Properties in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.50.

Armada Hoffler Properties Stock Down 2.4%

The firm has a market capitalization of $441.20 million, a price-to-earnings 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 business has a fifty day moving average price of $6.65 and a two-hundred day moving average price of $6.47.

Armada Hoffler Properties Announces Dividend

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

Institutional Trading of Armada Hoffler Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. TT Capital Management LLC increased its stake in shares of 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 acquiring an additional 29,200 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. Eurizon Capital SGR S.p.A. acquired a new position in Armada Hoffler Properties during the fourth quarter valued at $68,000. Finally, 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. 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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