Armada Hoffler Properties (NYSE:AHRT) Stock: Insider Lori Wittman Purchases 3,000 Shares

Key Points

• Director Lori Wittman purchased 3,000 AHRT shares at an average price of $5.95, investing $17,850 and bringing her ownership to 3,000 shares.
• Armada Hoffler Properties shares rose 1.9% to $6.01, while the company’s stock remains below its 50-day and 200-day moving averages and has a 12-month range of $5.13 to $7.33.
• The REIT declared a quarterly dividend of $0.14 per share, equal to $0.56 annually and a 9.3% yield; analysts maintain a consensus “Hold” rating with a $7.50 target price.

Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) Director Lori Wittman bought 3,000 shares of Armada Hoffler Properties stock in a transaction dated Monday, September 28th. The shares were bought at an average cost of $5.95 per share, with a total value of $17,850.00. Following the completion of the acquisition, the director owned 3,000 shares of the company's stock, valued at $17,850. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Armada Hoffler Properties Trading Up 1.9%

AHRT traded up $0.12 during trading on Tuesday, reaching $6.01. The company had a trading volume of 1,308,753 shares, compared to its average volume of 1,058,307. The firm's 50-day simple moving average is $6.63 and its 200 day simple moving average is $6.47. The company has a market cap of $448.66 million, a price-to-earnings ratio of -9.55 and a beta of 1.05. Armada Hoffler Properties, Inc. has a 12-month low of $5.13 and a 12-month high of $7.33. The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.10 and a current ratio of 3.10.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.3%. Armada Hoffler Properties's payout ratio is currently -88.89%.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of large investors have recently made changes to their positions in the business. TT Capital Management LLC raised its position in Armada Hoffler Properties by 24.5% in the 4th quarter. TT Capital Management LLC now owns 148,175 shares of the real estate investment trust's stock valued at $981,000 after purchasing an additional 29,200 shares during the last quarter. State of Wyoming grew 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 last quarter. Hantz Financial Services Inc. increased its stake in shares of Armada Hoffler Properties by 206.3% in 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 buying an additional 13,134 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at $68,000. Institutional investors and hedge funds own 66.35% of the company's stock.

Wall Street Analyst Weigh In

AHRT has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Armada Hoffler Properties in a research note on Friday, August 7th. Jefferies Financial Group raised shares of Armada Hoffler Properties to a "strong-buy" rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.50.

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.

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.