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

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) passed 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 changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on AHRT shares. Weiss Ratings downgraded Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.50.

Armada Hoffler Properties Stock Performance

The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 1.99. The firm’s fifty day moving average price is $6.19 and its 200-day moving average price is $6.43. The firm has a market cap of $477.00 million, a price-to-earnings ratio of -9.69 and a beta of 1.10.

Armada Hoffler Properties (NYSE:AHRT) last announced its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.21). Armada Hoffler Properties had a negative return on equity of 1.36% and a negative net margin of 22.97%. The company had revenue of $52.32 million for the quarter. Analysts expect that Armada Hoffler Properties, Inc. will post 0.60 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 30th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date was Wednesday, September 30th. Armada Hoffler Properties’s dividend payout ratio (DPR) 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.