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

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) have received an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.80.

A number of equities research analysts recently commented on the company. Stifel Nicolaus dropped their price objective on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. UBS Group set a $7.50 price target on Armada Hoffler Properties in a research note on Wednesday, January 14th. Zacks Research lowered shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Finally, Scotiabank upped 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 note on Wednesday, January 14th.

Insider Activity

In other news, Director Frederick Blair Wimbush purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $6.19 per share, with a total value of $61,900.00. Following the acquisition, the director directly owned 38,685 shares of the company’s stock, valued at approximately $239,460.15. This represents a 34.86% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DAVENPORT & Co LLC lifted its stake in shares of Armada Hoffler Properties by 1.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 140,500 shares of the real estate investment trust’s stock worth $985,000 after buying an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Armada Hoffler Properties by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,791 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 2,015 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in Armada Hoffler Properties by 7.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 28,312 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 2,082 shares during the last quarter. M&G PLC raised its holdings in Armada Hoffler Properties by 11.2% in the 2nd quarter. M&G PLC now owns 23,112 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 2,320 shares during the period. Finally, Amundi raised its holdings in 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 during the period. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $6.24 on Monday. The firm has a fifty day moving average of $6.70 and a two-hundred day moving average of $6.75. The company has a debt-to-equity ratio of 2.46, a quick ratio of 6.15 and a current ratio of 6.15. The stock has a market capitalization of $646.96 million, a price-to-earnings ratio of -78.00 and a beta of 1.03. Armada Hoffler Properties has a 52 week low of $5.84 and a 52 week high of $9.22.

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.