Armada Hoffler Properties, Inc. (NYSE:AHRT) Given Average Rating of “Hold” by Analysts

Armada Hoffler Properties, Inc. (NYSE:AHRT) has been assigned an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $7.50.

Several research analysts have recently issued reports on the company. Wall Street Zen raised Armada Hoffler Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Stifel Nicolaus dropped their price target on Armada Hoffler Properties from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Jefferies Financial Group raised Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, August 18th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Armada Hoffler Properties in a report on Friday, August 7th.

Armada Hoffler Properties Price Performance

AHRT stock opened at $6.57 on Monday. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.10 and a quick ratio of 3.10. Armada Hoffler Properties has a 1 year low of $5.13 and a 1 year high of $7.71. The firm has a 50-day moving average of $6.93 and a 200 day moving average of $6.48. The company has a market cap of $490.08 million, a P/E ratio of -10.43 and a beta of 1.07.

Armada Hoffler Properties announced that its Board of Directors has approved a share buyback plan on Thursday, May 14th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 15% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Verition Fund Management LLC lifted its holdings in shares of Armada Hoffler Properties by 1,030.1% during the third quarter. Verition Fund Management LLC now owns 827,964 shares of the real estate investment trust’s stock valued at $5,804,000 after purchasing an additional 754,701 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Armada Hoffler Properties by 310.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 980,456 shares of the real estate investment trust’s stock worth $6,883,000 after purchasing an additional 741,530 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Armada Hoffler Properties by 46.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,557,017 shares of the real estate investment trust’s stock worth $10,697,000 after buying an additional 496,620 shares during the last quarter. UBS Group AG grew its stake in shares of Armada Hoffler Properties by 266.3% in the 3rd quarter. UBS Group AG now owns 467,830 shares of the real estate investment trust’s stock worth $3,279,000 after buying an additional 340,116 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Armada Hoffler Properties by 434.6% during the 2nd quarter. Jane Street Group LLC now owns 384,421 shares of the real estate investment trust’s stock valued at $2,641,000 after buying an additional 312,516 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors.

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.