Armada Hoffler Properties, Inc. (NYSE:AHRT) Receives $7.70 Consensus PT from Analysts

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

Several equities analysts have commented on AHRT shares. UBS Group set a $7.50 price objective on shares of Armada Hoffler Properties in a report on Wednesday, January 14th. Zacks Research downgraded shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. Stifel Nicolaus lowered their price target on shares of 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, Scotiabank cut their price objective on shares of Armada Hoffler Properties from $7.50 to $7.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 17th.

Insiders Place Their Bets

In other news, Director Frederick Blair Wimbush purchased 10,000 shares of the company’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 acquisition, the director owned 38,685 shares in the company, valued at approximately $239,460.15. This trade represents a 34.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently modified their holdings of AHRT. Vanguard Group Inc. grew its stake in shares of Armada Hoffler Properties by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 9,124,367 shares of the real estate investment trust’s stock valued at $60,403,000 after acquiring an additional 28,813 shares in the last quarter. State Street Corp raised its stake in Armada Hoffler Properties by 1.6% in the 4th quarter. State Street Corp now owns 3,209,990 shares of the real estate investment trust’s stock worth $21,692,000 after purchasing an additional 51,848 shares in the last quarter. Invesco Ltd. boosted its holdings in Armada Hoffler Properties by 3.5% in the 4th quarter. Invesco Ltd. now owns 2,296,307 shares of the real estate investment trust’s stock valued at $15,202,000 after purchasing an additional 77,532 shares during the period. Franklin Resources Inc. boosted its holdings in Armada Hoffler Properties by 4.4% in the 4th quarter. Franklin Resources Inc. now owns 2,234,270 shares of the real estate investment trust’s stock valued at $14,791,000 after purchasing an additional 94,614 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Armada Hoffler Properties by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 2,158,972 shares of the real estate investment trust’s stock worth $14,295,000 after purchasing an additional 23,007 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 0.1%

AHRT opened at $5.16 on Friday. Armada Hoffler Properties has a 1-year low of $5.13 and a 1-year high of $7.71. The stock’s fifty day simple moving average is $6.36 and its 200 day simple moving average is $6.59. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 2.46. The stock has a market cap of $534.47 million, a PE ratio of -64.44 and a beta of 1.03.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 26th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.9%. Armada Hoffler Properties’s dividend payout ratio (DPR) is -700.00%.

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.