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

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.70 and traded as low as $5.58. Armada Hoffler Properties shares last traded at $5.6170, with a volume of 1,445,671 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group set a $7.50 price objective on Armada Hoffler Properties in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. Scotiabank lifted their price target on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Stifel Nicolaus reduced their price objective on shares of Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, Zacks Research downgraded shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.80.

Armada Hoffler Properties Stock Up 2.7%

The stock has a market capitalization of $582.34 million, a price-to-earnings ratio of -70.21 and a beta of 1.03. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 2.46. The business’s 50-day moving average is $6.59 and its two-hundred day moving average is $6.70.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Thursday, March 26th. Armada Hoffler Properties’s payout ratio is currently -700.00%.

Insider Activity

In related news, Director Frederick Blair Wimbush purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $6.19 per share, with a total value of $61,900.00. Following the completion of the acquisition, the director owned 38,685 shares in the company, valued at $239,460.15. This trade represents a 34.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 11.90% of the stock is owned by company insiders.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its holdings in shares of Armada Hoffler Properties by 99.3% in the third quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 3,173 shares during the period. Danske Bank A S purchased a new position in Armada Hoffler Properties during the fourth quarter worth about $45,000. Tower Research Capital LLC TRC boosted its holdings in Armada Hoffler Properties by 172.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 5,015 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at approximately $68,000. Finally, RPO LLC purchased a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at approximately $68,000. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Company Profile

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.