Armada Hoffler Properties, Inc. (NYSE:AHRT) Receives Average Rating of "Hold" from Brokerages

Key Points

• Armada Hoffler has a consensus analyst rating of Hold from six analysts (3 sell, 1 hold, 1 buy, 1 strong buy) and an average 12‑month price target of $7.70.
• The company declared a quarterly dividend of $0.14 (annualized $0.56) for a yield of about 10.5%, with an ex‑dividend date of March 26; the reported payout ratio is −700%.
• Shares opened at $5.33 (12‑month range $5.30–$7.76) and a director purchased 10,000 shares at roughly $6.19; the firm has a market cap near $552 million and insiders own about 11.9%.

Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) has earned a consensus recommendation of "Hold" from the six analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.70.

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

Armada Hoffler Properties Trading Down 3.0%

NYSE:AHRT opened at $5.33 on Friday. The firm has a market capitalization of $552.10 million, a P/E ratio of -66.56 and a beta of 1.03. The business has a 50 day simple moving average of $6.40 and a 200 day simple moving average of $6.62. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.15 and a quick ratio of 6.15. Armada Hoffler Properties has a 12-month low of $5.30 and a 12-month high of $7.76.

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Thursday, March 26th. Armada Hoffler Properties's payout ratio is -700.00%.

Insider Activity

In other Armada Hoffler Properties news, Director Frederick Blair Wimbush acquired 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average cost 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 $239,460.15. This represents a 34.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its stake in shares of Armada Hoffler Properties by 99.3% during the third quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 3,173 shares in the last quarter. Danske Bank A S bought a new position in Armada Hoffler Properties in the 4th quarter valued at about $45,000. Tower Research Capital LLC TRC grew its position in Armada Hoffler Properties by 172.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 5,015 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Armada Hoffler Properties during the 4th quarter valued at about $68,000. Finally, RPO LLC acquired a new position in Armada Hoffler Properties during the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 66.35% of the company's stock.

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.

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