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

Key Points

• Armada Hoffler Properties has a consensus “Hold” rating from five analysts, with one sell, two hold, one buy and one strong-buy rating. The average 12-month price target is $7.50, compared with the stock’s recent price of $6.24.
• Institutional investors own 66.35% of AHRT, with several funds initiating or increasing positions during the fourth quarter.
• The REIT declared a quarterly dividend of $0.14 per share, equal to $0.56 annually and a 9.0% yield; shares have recently traded down 0.4%.

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) have been assigned an average recommendation of "Hold" from the five brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.50.

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

Institutional Investors Weigh In On Armada Hoffler Properties

Institutional investors have recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. bought a new position in Armada Hoffler Properties during the fourth quarter worth $68,000. Murphy Pohlad Asset Management LLC bought a new stake in Armada Hoffler Properties during the fourth quarter valued at $73,000. Hantz Financial Services Inc. increased its stake in Armada Hoffler Properties by 206.3% during the fourth 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 during the last quarter. Swiss Life Asset Management Ltd acquired a new stake in shares of Armada Hoffler Properties during the fourth quarter worth $163,000. Finally, State of Wyoming raised its holdings in shares of Armada Hoffler Properties by 127.3% during the fourth quarter. State of Wyoming now owns 40,076 shares of the real estate investment trust's stock worth $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 Trading Down 0.4%

AHRT opened at $6.24 on Friday. The stock has a market capitalization of $465.07 million, a PE ratio of -9.90 and a beta of 1.05. The firm's fifty day moving average price is $6.76 and its 200 day moving average price is $6.48. 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 12-month low of $5.13 and a 12-month high of $7.64.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Armada Hoffler Properties's dividend payout ratio (DPR) is currently -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.

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