Armada Hoffler Properties (NYSE:AHRT) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Armada Hoffler Properties (NYSE:AHRT) from a hold rating to a strong sell rating in a report released on Monday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Armada Hoffler Properties in a report on Monday, December 29th. Scotiabank raised their price objective on Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. UBS Group set a $7.50 price objective on Armada Hoffler Properties in a research report on Wednesday, January 14th. Finally, Stifel Nicolaus decreased their target price on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.80.

Armada Hoffler Properties Price Performance

NYSE:AHRT opened at $6.25 on Monday. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.15 and a quick ratio of 6.15. The company has a 50 day moving average price of $6.71 and a 200-day moving average price of $6.77. Armada Hoffler Properties has a 1-year low of $5.84 and a 1-year high of $9.22. The firm has a market cap of $647.48 million, a price-to-earnings ratio of -78.06 and a beta of 1.03.

Institutional Trading of Armada Hoffler Properties

Several large investors have recently bought and sold shares of AHRT. Amundi lifted its stake in Armada Hoffler Properties by 5.9% in the 1st quarter. Amundi now owns 44,107 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 2,465 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Armada Hoffler Properties by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,791 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 2,015 shares during the last quarter. Jane Street Group LLC lifted its position in Armada Hoffler Properties by 268.6% during the first quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 52,397 shares in the last quarter. Strs Ohio acquired a new position in Armada Hoffler Properties during the first quarter worth $111,000. Finally, Savant Capital LLC purchased a new stake in Armada Hoffler Properties in the 2nd quarter valued at $117,000. 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.