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

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) have been given an average rating of “Hold” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $7.70.

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

Armada Hoffler Properties Price Performance

NYSE AHRT opened at $5.33 on Friday. Armada Hoffler Properties has a 12 month low of $5.30 and a 12 month high of $7.76. The firm has a market capitalization of $552.10 million, a PE ratio of -66.56 and a beta of 1.03. The company’s 50 day simple moving average is $6.40 and its 200 day simple moving average is $6.62. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.15 and a quick ratio of 6.15.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 26th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Thursday, March 26th. Armada Hoffler Properties’s payout ratio is presently -700.00%.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Frederick Blair Wimbush bought 10,000 shares of the business’s stock in a transaction that occurred on 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 purchase, the director directly owned 38,685 shares in the company, valued at approximately $239,460.15. This trade represents a 34.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Amundi grew its holdings in shares of 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 acquiring an additional 2,465 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Armada Hoffler Properties by 4.5% during 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 boosted its position in shares of Armada Hoffler Properties by 268.6% in the 1st quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust’s stock valued at $540,000 after purchasing an additional 52,397 shares during the period. Strs Ohio acquired a new position in shares of Armada Hoffler Properties in the 1st quarter valued at $111,000. Finally, PNC Financial Services Group Inc. increased its stake in Armada Hoffler Properties by 154.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 18,673 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 11,345 shares in the last quarter. 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.