Armada Hoffler Properties, Inc. (NYSE:AHRT) Receives $7.80 Average Price Target from Analysts

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $7.80.

A number of analysts recently weighed in on AHRT shares. Wall Street Zen downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Zacks Research lowered Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a research report on Monday. 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 research note on Wednesday, January 14th. Finally, Scotiabank increased their target price on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a research report on Wednesday, January 14th.

Armada Hoffler Properties Trading Up 2.7%

AHRT opened at $6.38 on Monday. 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 has a fifty-two week low of $5.84 and a fifty-two week high of $9.22. The company’s 50 day moving average price is $6.71 and its two-hundred day moving average price is $6.77. The firm has a market capitalization of $661.48 million, a price-to-earnings ratio of -79.75 and a beta of 1.03.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Frederick Blair Wimbush acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was bought 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 $239,460.15. This represents a 34.86% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of Armada Hoffler Properties

Institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. raised its position in shares of Armada Hoffler Properties by 99.3% in the 3rd 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 in the last quarter. Danske Bank A S acquired a new stake in Armada Hoffler Properties during the fourth quarter worth approximately $45,000. Tower Research Capital LLC TRC increased its holdings in Armada Hoffler Properties by 172.7% in the second 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. acquired a new position in Armada Hoffler Properties in the fourth quarter valued at approximately $68,000. Finally, RPO LLC acquired a new position in Armada Hoffler Properties in the fourth quarter valued at approximately $68,000. 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.