Armada Hoffler Properties (NYSE:AHRT) Stock: Insider Lori Wittman Purchases 3,000 Shares

Armada Hoffler Properties, Inc. (NYSE:AHRT) Director Lori Wittman bought 3,000 shares of Armada Hoffler Properties stock in a transaction dated Monday, September 28th. The shares were bought at an average cost of $5.95 per share, with a total value of $17,850.00. Following the completion of the acquisition, the director owned 3,000 shares of the company’s stock, valued at $17,850. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Armada Hoffler Properties Trading Up 1.9%

AHRT traded up $0.12 during trading on Tuesday, reaching $6.01. The company had a trading volume of 1,308,753 shares, compared to its average volume of 1,058,307. The firm’s 50-day simple moving average is $6.63 and its 200 day simple moving average is $6.47. The company has a market cap of $448.66 million, a price-to-earnings ratio of -9.55 and a beta of 1.05. Armada Hoffler Properties, Inc. has a 12-month low of $5.13 and a 12-month high of $7.33. The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.10 and a current ratio of 3.10.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.3%. Armada Hoffler Properties’s payout ratio is currently -88.89%.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of large investors have recently made changes to their positions in the business. TT Capital Management LLC raised its position in Armada Hoffler Properties by 24.5% in the 4th quarter. TT Capital Management LLC now owns 148,175 shares of the real estate investment trust’s stock valued at $981,000 after purchasing an additional 29,200 shares during the last quarter. State of Wyoming grew its holdings in shares of Armada Hoffler Properties by 127.3% during the fourth quarter. State of Wyoming now owns 40,076 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 22,441 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Armada Hoffler Properties by 206.3% in the fourth quarter. Hantz Financial Services Inc. now owns 19,501 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 13,134 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at $68,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Wall Street Analyst Weigh In

AHRT has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Armada Hoffler Properties in a research note on Friday, August 7th. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.50.

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.