Armada Hoffler Properties (NYSE:AHRT) Hits New 12-Month Low – Time to Sell?

Armada Hoffler Properties, Inc. (NYSE:AHRT)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $5.72 and last traded at $5.74, with a volume of 354941 shares trading hands. The stock had previously closed at $6.22.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AHRT shares. Scotiabank boosted their price objective on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Stifel Nicolaus dropped their price target on shares of Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Zacks Research downgraded shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a report on Monday, December 29th. Finally, UBS Group set a $7.50 price target on Armada Hoffler Properties in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.80.

Armada Hoffler Properties Price Performance

The company has a market capitalization of $605.98 million, a PE ratio of -73.06 and a beta of 1.03. 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 stock’s 50 day simple moving average is $6.66 and its 200-day simple moving average is $6.74.

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 26th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Thursday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -700.00%.

Insider Buying and Selling

In related news, Director Frederick Blair Wimbush acquired 10,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $6.19 per share, with a total value of $61,900.00. Following the completion of the transaction, the director owned 38,685 shares in the company, valued at $239,460.15. This represents a 34.86% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

Large investors have recently bought and sold shares of the stock. Berman McAleer LLC purchased a new stake in Armada Hoffler Properties in the 3rd quarter valued at $7,317,000. Penserra Capital Management LLC increased its stake in Armada Hoffler Properties by 45.9% in the second 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 period. Brown Advisory Inc. raised its holdings in shares of Armada Hoffler Properties by 3,588.7% in the second quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after buying an additional 1,084,825 shares during the last quarter. Crossingbridge Advisors LLC boosted its stake in shares of 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 buying an additional 40,000 shares during the period. Finally, Inceptionr LLC acquired a new stake in shares of Armada Hoffler Properties during the second quarter worth about $331,000. Institutional investors and hedge funds 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.