Adams Asset Advisors LLC Purchases 110,000 Shares of Armada Hoffler Properties, Inc. $AHRT

Adams Asset Advisors LLC lifted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHRT) by 36.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 409,923 shares of the real estate investment trust’s stock after acquiring an additional 110,000 shares during the period. Adams Asset Advisors LLC owned approximately 0.40% of Armada Hoffler Properties worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Amundi increased its stake in shares of Armada Hoffler Properties by 5.9% in the 1st quarter. Amundi now owns 44,107 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 2,465 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Armada Hoffler Properties by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,791 shares of the real estate investment trust’s stock worth $351,000 after acquiring an additional 2,015 shares in the last quarter. Jane Street Group LLC grew its holdings in Armada Hoffler Properties by 268.6% in the first quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 52,397 shares during the period. Strs Ohio bought a new stake in Armada Hoffler Properties in the first quarter valued at $111,000. Finally, PNC Financial Services Group Inc. increased its stake in Armada Hoffler Properties by 154.8% in the second quarter. PNC Financial Services Group Inc. now owns 18,673 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 11,345 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Stifel Nicolaus decreased their target price on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Scotiabank dropped 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 note on Tuesday, March 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a report on Monday, December 29th. Finally, UBS Group set a $7.50 price objective on Armada Hoffler Properties in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.70.

Armada Hoffler Properties Stock Up 0.1%

Armada Hoffler Properties stock opened at $5.16 on Monday. The firm has a market capitalization of $534.47 million, a price-to-earnings ratio of -64.44 and a beta of 1.03. The firm’s fifty day moving average price is $6.36 and its two-hundred day moving average price is $6.59. Armada Hoffler Properties, Inc. has a 1-year low of $5.13 and a 1-year high of $7.71. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 2.46.

Armada Hoffler Properties Dividend Announcement

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

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Frederick Blair Wimbush acquired 10,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the purchase, the director owned 38,685 shares in the company, valued at approximately $239,460.15. The trade was a 34.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.90% of the stock is owned by corporate insiders.

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.