Armada Hoffler Properties, Inc. (NYSE:AHRT) Receives $7.70 Average Price Target from Brokerages

Armada Hoffler Properties, Inc. (NYSE:AHRT) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.70.

Several equities research analysts have commented on the stock. Zacks Research raised shares of Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. UBS Group set a $7.50 price target on Armada Hoffler Properties in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. Scotiabank decreased their price target on Armada Hoffler Properties from $7.50 to $7.00 and set a “sector perform” rating on the stock in a research report on Tuesday, March 17th. Finally, Stifel Nicolaus decreased their price target on 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.

Armada Hoffler Properties Stock Performance

Shares of AHRT opened at $6.00 on Tuesday. 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 company has a market capitalization of $621.56 million, a price-to-earnings ratio of -74.94 and a beta of 1.06. The stock has a 50 day moving average of $5.89 and a 200 day moving average of $6.41. Armada Hoffler Properties has a 12 month low of $5.13 and a 12 month high of $7.71.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, March 26th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.56 annualized dividend and a dividend yield of 9.3%. Armada Hoffler Properties’s dividend payout ratio is currently -700.00%.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Frederick Blair Wimbush purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the completion of the transaction, the director directly owned 38,685 shares in the company, valued at approximately $239,460.15. This represents a 34.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought 11,064 shares of company stock worth $67,644 in the last quarter. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. increased its position 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 valued at $45,000 after buying an additional 3,173 shares during the period. Danske Bank A S bought a new stake in shares of Armada Hoffler Properties during the fourth quarter valued at about $45,000. Tower Research Capital LLC TRC increased its position in shares of Armada Hoffler Properties by 172.7% during the second quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 5,015 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Armada Hoffler Properties during the fourth quarter valued at about $68,000. Finally, RPO LLC bought a new position in shares of Armada Hoffler Properties in the fourth quarter worth approximately $68,000. 66.35% of the stock is currently owned by institutional investors.

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.