Analysts Set Armada Hoffler Properties, Inc. (NYSE:AHRT) Target Price at $7.70

Armada Hoffler Properties, Inc. (NYSE:AHRT) has earned a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $7.70.

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. Zacks Research cut Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Scotiabank lowered their target price on Armada Hoffler Properties from $7.50 to $7.00 and set a “sector perform” rating on the stock in a report on Tuesday, March 17th. UBS Group set a $7.50 price target on shares of Armada Hoffler Properties in a research report on Wednesday, January 14th. Finally, Stifel Nicolaus cut their price target on shares of Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 17th.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Frederick Blair Wimbush bought 10,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the completion of the acquisition, the director owned 38,685 shares of the company’s stock, valued at approximately $239,460.15. This represents a 34.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of hedge funds have recently modified their holdings of AHRT. Vanguard Group Inc. lifted its stake in Armada Hoffler Properties by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 9,124,367 shares of the real estate investment trust’s stock valued at $60,403,000 after buying an additional 28,813 shares in the last quarter. State Street Corp raised its holdings in shares of Armada Hoffler Properties by 1.6% during the fourth quarter. State Street Corp now owns 3,209,990 shares of the real estate investment trust’s stock valued at $21,692,000 after acquiring an additional 51,848 shares during the period. Invesco Ltd. lifted its position in shares of Armada Hoffler Properties by 3.5% in the 4th quarter. Invesco Ltd. now owns 2,296,307 shares of the real estate investment trust’s stock valued at $15,202,000 after acquiring an additional 77,532 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Armada Hoffler Properties by 4.4% in the 4th quarter. Franklin Resources Inc. now owns 2,234,270 shares of the real estate investment trust’s stock valued at $14,791,000 after acquiring an additional 94,614 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Armada Hoffler Properties by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 2,158,972 shares of the real estate investment trust’s stock worth $14,295,000 after purchasing an additional 23,007 shares during the period. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Trading Up 4.6%

Armada Hoffler Properties stock opened at $5.65 on Friday. Armada Hoffler Properties has a 52-week low of $5.13 and a 52-week high of $7.71. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 2.46. The firm has a market capitalization of $585.48 million, a price-to-earnings ratio of -70.59 and a beta of 1.06. The firm has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $6.55.

Armada Hoffler Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, March 26th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date was Thursday, March 26th. Armada Hoffler Properties’s payout ratio is presently -700.00%.

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.