Armada Hoffler Properties (NYSE:AHRT) Director Theodore Bigman Buys 1,879 Shares of Company Stock

Armada Hoffler Properties, Inc. (NYSE:AHRT) Director Theodore Bigman acquired 1,879 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was acquired at an average price of $5.96 per share, for a total transaction of $11,198.84. Following the completion of the purchase, the director directly owned 84,196 shares of the company’s stock, valued at $501,808.16. This trade represents a 2.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Armada Hoffler Properties Price Performance

Shares of NYSE:AHRT opened at $6.05 on Friday. The business has a 50 day moving average price of $6.45 and a 200 day moving average price of $6.49. Armada Hoffler Properties, Inc. has a twelve month low of $5.13 and a twelve month high of $7.33. The company has a market cap of $451.66 million, a price-to-earnings ratio of -9.61 and a beta of 1.09. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.91.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.2%. Armada Hoffler Properties’s payout ratio is -88.89%.

Hedge Funds Weigh In On Armada Hoffler Properties

A hedge fund recently raised its stake in Armada Hoffler Properties stock. State of Wyoming boosted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHRT) by 127.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,076 shares of the real estate investment trust’s stock after acquiring an additional 22,441 shares during the quarter. State of Wyoming’s holdings in Armada Hoffler Properties were worth $265,000 at the end of the most recent quarter. 66.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AHRT. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, August 18th. Weiss Ratings downgraded shares of Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. 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 stock. Based on data from MarketBeat, Armada Hoffler Properties presently has an average rating of “Hold” and an average target price of $7.50.

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.