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

Armada Hoffler Properties, Inc. (NYSE:AHRT)’s stock price hit a new 52-week low on Monday . The stock traded as low as $5.45 and last traded at $5.6450, with a volume of 1757697 shares trading hands. The stock had previously closed at $5.71.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AHRT shares. Zacks Research cut shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Scotiabank cut their target price on 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. UBS Group set a $7.50 price target on Armada Hoffler Properties in a report on Wednesday, January 14th. Stifel Nicolaus dropped their price objective on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. One investment 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 company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.70.

Armada Hoffler Properties Stock Performance

The stock has a 50-day simple moving average of $6.46 and a 200 day simple moving average of $6.63. 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 market capitalization of $570.65 million, a PE ratio of -68.80 and a beta of 1.03.

Armada Hoffler Properties Dividend Announcement

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 issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Thursday, March 26th. Armada Hoffler Properties’s dividend payout ratio is -700.00%.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Frederick Blair Wimbush bought 10,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $6.19 per share, with a total value of $61,900.00. Following the purchase, the director owned 38,685 shares in the company, valued at $239,460.15. This represents a 34.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AHRT. Hantz Financial Services Inc. grew its holdings in shares of Armada Hoffler Properties by 99.3% during the third quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 3,173 shares in the last quarter. Danske Bank A S acquired a new position in Armada Hoffler Properties in the 4th quarter valued at $45,000. Tower Research Capital LLC TRC lifted its stake in shares of Armada Hoffler Properties by 172.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 5,015 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Armada Hoffler Properties during the fourth quarter worth $68,000. Finally, Inscription Capital LLC purchased a new stake in shares of Armada Hoffler Properties in the third quarter valued at $72,000. Institutional investors and hedge funds 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.