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

Armada Hoffler Properties, Inc. (NYSE:AHRT) has been given a consensus recommendation of “Hold” by the five research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.50.

Several research firms recently commented on AHRT. Weiss Ratings downgraded shares of Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, August 18th.

Armada Hoffler Properties Stock Performance

Shares of AHRT opened at $6.09 on Tuesday. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.91. The firm has a market cap of $454.64 million, a PE ratio of -9.67 and a beta of 1.09. The company’s 50 day simple moving average is $6.43 and its 200-day simple moving average is $6.50. Armada Hoffler Properties has a 12-month low of $5.13 and a 12-month high of $7.33.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th were paid a $0.14 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a yield of 9.2%. Armada Hoffler Properties’s payout ratio is currently -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.