Armada Hoffler Properties (NYSE:AHRT) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Armada Hoffler Properties, Inc. (NYSE:AHRT)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.46 and traded as high as $6.65. Armada Hoffler Properties shares last traded at $6.63, with a volume of 457,641 shares traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AHRT. Weiss Ratings reissued a “sell (d+)” rating on shares of Armada Hoffler Properties in a research report on Friday, August 7th. Wall Street Zen upgraded Armada Hoffler Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, August 18th. One 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Armada Hoffler Properties Stock Performance

The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.10 and a current ratio of 3.10. The company has a market cap of $494.53 million, a PE ratio of -10.52 and a beta of 1.05. The company’s 50 day moving average price is $6.88 and its 200-day moving average price is $6.46.

Armada Hoffler Properties declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 14th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the real estate investment trust to purchase up to 15% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AHRT. Tower Research Capital LLC TRC grew its stake in shares of Armada Hoffler Properties by 172.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 5,015 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at approximately $68,000. RPO LLC bought a new position in Armada Hoffler Properties in the 4th quarter worth approximately $68,000. Murphy Pohlad Asset Management LLC bought a new position in Armada Hoffler Properties in the 4th quarter worth approximately $73,000. Finally, M&T Bank Corp purchased a new position in Armada Hoffler Properties in the 4th quarter valued at approximately $75,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

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.