Vanguard Group Inc. Sells 183,107 Shares of Armada Hoffler Properties, Inc. $AHRT

Key Points

• Vanguard trimmed its stake in Armada Hoffler by 2.0% in Q3, selling 183,107 shares and ending the quarter with 9,095,554 shares (about 8.77%) valued at roughly $63.76 million.
• Director Frederick Blair Wimbush bought 10,000 shares on March 3 at $6.19, raising his holdings to 38,685 shares and contributing to insider ownership of 11.90%, while institutional investors own 66.35% of the stock.
• Analysts are mixed with a consensus rating of Hold and a $7.80 price target; AHRT trades near $6.24 (market cap ~$647M) and shows a negative trailing P/E (−78) with a 12‑month range of $5.84–$9.22.

Vanguard Group Inc. cut its holdings in Armada Hoffler Properties, Inc. (NYSE:AHRT - Free Report) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,095,554 shares of the real estate investment trust's stock after selling 183,107 shares during the quarter. Vanguard Group Inc. owned 8.77% of Armada Hoffler Properties worth $63,760,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AHRT. Amundi lifted its position in Armada Hoffler Properties by 5.9% during the first quarter. Amundi now owns 44,107 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 2,465 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 worth $351,000 after buying an additional 2,015 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Armada Hoffler Properties by 268.6% in the 1st quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust's stock worth $540,000 after buying an additional 52,397 shares during the last quarter. Strs Ohio purchased a new stake in shares of Armada Hoffler Properties during the 1st quarter valued at about $111,000. Finally, Savant Capital LLC purchased a new stake in shares of Armada Hoffler Properties during the 2nd quarter valued at about $117,000. Institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Price Performance

AHRT stock opened at $6.24 on Friday. The stock has a market cap of $646.96 million, a PE ratio of -78.00 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 12 month low of $5.84 and a 12 month high of $9.22. The company has a 50-day moving average price of $6.70 and a 200 day moving average price of $6.76. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 2.46.

Insider Transactions at Armada Hoffler Properties

In other news, Director Frederick Blair Wimbush acquired 10,000 shares of the firm's stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $6.19 per share, with a total value of $61,900.00. Following the completion of the purchase, the director directly owned 38,685 shares in the company, valued at approximately $239,460.15. This trade represents a 34.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on AHRT. Scotiabank lifted their price target on Armada Hoffler Properties from $7.00 to $7.50 and gave the stock a "sector perform" rating in a research report on Wednesday, January 14th. Stifel Nicolaus decreased their price objective on Armada Hoffler Properties from $10.50 to $9.00 and set a "buy" rating on the stock in a research report on Tuesday, February 17th. UBS Group set a $7.50 price objective on Armada Hoffler Properties in a research note on Wednesday, January 14th. Zacks Research cut Armada Hoffler Properties from a "hold" rating to a "strong sell" rating in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $7.80.

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.

Want to see what other hedge funds are holding AHRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armada Hoffler Properties, Inc. (NYSE:AHRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.