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

Armada Hoffler Properties, Inc. (NYSE:AHRT) has been assigned an average recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.50.

A number of equities research analysts recently issued reports on AHRT shares. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, August 18th. Weiss Ratings lowered shares of Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th.

Armada Hoffler Properties Trading Up 0.3%

Shares of AHRT stock opened at $5.99 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 company has a market cap of $446.42 million, a price-to-earnings ratio of -9.50 and a beta of 1.09. The stock has a 50 day simple moving average of $6.35 and a 200-day simple moving average of $6.51. Armada Hoffler Properties has a 1-year low of $5.13 and a 1-year high of $7.33.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -88.89%.

About Armada Hoffler Properties

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.