Insider Buying: Armada Hoffler Properties (NYSE:AHRT) Director Acquires 10,000 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHRT) Director Frederick Blair Wimbush acquired 10,000 shares of Armada Hoffler Properties stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the purchase, the director owned 38,685 shares of the company’s stock, valued at approximately $239,460.15. This represents a 34.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Frederick Blair Wimbush also recently made the following trade(s):

• On Thursday, January 8th, Frederick Blair Wimbush acquired 328 shares of Armada Hoffler Properties stock. The stock was bought at an average price of $6.63 per share, with a total value of $2,174.64.

Armada Hoffler Properties Trading Up 2.7%

NYSE:AHRT traded up $0.17 during trading hours on Wednesday, hitting $6.38. 1,059,188 shares of the stock were exchanged, compared to its average volume of 1,563,176. The company has a market capitalization of $661.48 million, a P/E ratio of -79.75 and a beta of 1.03. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 2.46. The company’s 50 day moving average is $6.71 and its two-hundred day moving average is $6.77. Armada Hoffler Properties, Inc. has a twelve month low of $5.84 and a twelve month high of $9.22.

Wall Street Analysts Forecast Growth

AHRT has been the subject of several analyst reports. Scotiabank boosted their target price on Armada Hoffler Properties from $7.00 to $7.50 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. UBS Group set a $7.50 price objective on shares of Armada Hoffler Properties in a research note on Wednesday, January 14th. Zacks Research downgraded shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a research note on Monday. Wall Street Zen lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Armada Hoffler Properties in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.80.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of large investors have recently added to or reduced their stakes in AHRT. Berman McAleer LLC bought a new position in shares of Armada Hoffler Properties during the 3rd quarter worth approximately $7,317,000. Penserra Capital Management LLC lifted its holdings in Armada Hoffler Properties by 45.9% during the 2nd quarter. Penserra Capital Management LLC now owns 147,369 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 46,370 shares during the last quarter. Brown Advisory Inc. boosted its position in Armada Hoffler Properties by 3,588.7% during the second quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock worth $7,660,000 after purchasing an additional 1,084,825 shares during the period. Crossingbridge Advisors LLC boosted its position in Armada Hoffler Properties by 800.0% during the second quarter. Crossingbridge Advisors LLC now owns 45,000 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 40,000 shares during the period. Finally, Inceptionr LLC acquired a new position in shares of Armada Hoffler Properties in the second quarter valued at $331,000. Institutional investors own 66.35% of the company’s stock.

About Armada Hoffler Properties

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.