Armada Hoffler Properties, Inc. (NYSE:AHRT) Given Consensus Recommendation of “Hold” by Brokerages

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

AHRT has been the topic of a number of research reports. Wall Street Zen upgraded Armada Hoffler Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Jefferies Financial Group upgraded Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, August 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Armada Hoffler Properties in a research note on Friday, August 7th.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Eurizon Capital SGR S.p.A. acquired a new position in shares of Armada Hoffler Properties during the fourth quarter valued at approximately $68,000. Murphy Pohlad Asset Management LLC acquired a new stake in Armada Hoffler Properties in the fourth quarter worth approximately $73,000. Hantz Financial Services Inc. boosted its stake in Armada Hoffler Properties by 206.3% during the 4th quarter. Hantz Financial Services Inc. now owns 19,501 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 13,134 shares in the last quarter. Swiss Life Asset Management Ltd bought a new position in Armada Hoffler Properties during the 4th quarter valued at $163,000. Finally, State of Wyoming increased its position in shares of Armada Hoffler Properties by 127.3% during the 4th quarter. State of Wyoming now owns 40,076 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 22,441 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHRT opened at $6.24 on Friday. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.91. The firm’s 50-day moving average price is $6.76 and its two-hundred day moving average price is $6.48. Armada Hoffler Properties has a 52-week low of $5.13 and a 52-week high of $7.64. The stock has a market capitalization of $465.07 million, a P/E ratio of -9.90 and a beta of 1.05.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.56 annualized dividend and a dividend yield of 9.0%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -88.89%.

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.