Armada Hoffler Properties, Inc. (NYSE:AHRT) Receives Consensus Recommendation of “Hold” from Analysts

Armada Hoffler Properties, Inc. (NYSE:AHRT) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $7.70.

AHRT has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. UBS Group set a $7.50 price objective on shares of Armada Hoffler Properties in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. Scotiabank decreased their price target on shares of Armada Hoffler Properties from $7.50 to $7.00 and set a “sector perform” rating for the company in a research note on Tuesday, March 17th. Finally, Zacks Research downgraded Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd.

Insider Buying and Selling

In other news, Director Frederick Blair Wimbush bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $6.19 per share, for a total transaction of $61,900.00. Following the completion of the transaction, the director directly owned 38,685 shares in the company, valued at approximately $239,460.15. This represents a 34.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Armada Hoffler Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its holdings in Armada Hoffler Properties by 99.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 3,173 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at approximately $45,000. Tower Research Capital LLC TRC lifted its holdings in Armada Hoffler Properties by 172.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 5,015 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Armada Hoffler Properties in the fourth quarter valued at approximately $68,000. Finally, RPO LLC purchased a new position in Armada Hoffler Properties in the fourth quarter worth approximately $68,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Up 4.3%

Shares of Armada Hoffler Properties stock opened at $5.50 on Friday. 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 firm has a market cap of $569.71 million, a price-to-earnings ratio of -68.69 and a beta of 1.03. Armada Hoffler Properties has a twelve month low of $5.13 and a twelve month high of $7.71. The business has a 50-day moving average price of $6.29 and a 200-day moving average price of $6.56.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.56 annualized dividend and a dividend yield of 10.2%. Armada Hoffler Properties’s dividend payout ratio is -700.00%.

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.