Armada Hoffler Properties (NYSE:AHRT) Price Target Lowered to $7.00 at Scotiabank

Armada Hoffler Properties (NYSE:AHRT) had its price objective lowered by Scotiabank from $7.50 to $7.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on AHRT. Weiss Ratings reissued a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. Zacks Research downgraded shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Stifel Nicolaus dropped their target price on shares of 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. Finally, UBS Group set a $7.50 target price on shares of Armada Hoffler Properties in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.70.

Armada Hoffler Properties Price Performance

Shares of Armada Hoffler Properties stock opened at $5.70 on Tuesday. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 2.46. Armada Hoffler Properties has a twelve month low of $5.47 and a twelve month high of $7.98. The business has a 50-day moving average price of $6.57 and a 200 day moving average price of $6.68. The firm has a market cap of $590.46 million, a PE ratio of -71.19 and a beta of 1.03.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, March 26th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Thursday, March 26th. Armada Hoffler Properties’s payout ratio is presently -700.00%.

Insider Buying and Selling

In other news, Director Frederick Blair Wimbush acquired 10,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost 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 trade represents a 34.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of hedge funds have recently modified their holdings of the business. Hantz Financial Services Inc. boosted its position in 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 acquiring an additional 3,173 shares during the last quarter. Danske Bank A S acquired a new stake in Armada Hoffler Properties in the 4th quarter valued at about $45,000. Tower Research Capital LLC TRC lifted its stake in Armada Hoffler Properties by 172.7% in 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 in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Armada Hoffler Properties in the 4th quarter worth approximately $68,000. Finally, Inscription Capital LLC acquired a new position in shares of Armada Hoffler Properties during the 3rd quarter worth approximately $72,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

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.