Insider Buying: Armada Hoffler Properties (NYSE:AHRT) Director Purchases 1,879 Shares of Stock

Key Points

• Insider purchase: Director Theodore Bigman bought 1,879 Armada Hoffler Properties shares at an average $5.96 each, increasing his direct ownership by 2.28% to 84,196 shares.
• Stock and dividend: AHRT recently traded at $6.05, within a 12-month range of $5.13 to $7.33. The company pays a quarterly dividend of $0.14, equivalent to an annualized $0.56 and a 9.2% yield.
• Market outlook: Institutional investors own 66.35% of the company, while analyst ratings combine for a consensus “Hold” and an average price target of $7.50.

Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) Director Theodore Bigman acquired 1,879 shares of the stock in a transaction dated Thursday, October 8th. The stock was acquired at an average cost of $5.96 per share, with a total value of $11,198.84. Following the transaction, the director directly owned 84,196 shares in the company, valued at approximately $501,808.16. This represents a 2.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Armada Hoffler Properties Stock Up 0.1%

AHRT stock traded up $0.01 on Friday, hitting $6.05. 496,553 shares of the company's stock were exchanged, compared to its average volume of 1,088,648. The firm has a 50 day moving average price of $6.47 and a two-hundred day moving average price of $6.49. Armada Hoffler Properties, Inc. has a 12-month low of $5.13 and a 12-month high of $7.33. The stock has a market cap of $451.64 million, a P/E ratio of -9.61 and a beta of 1.09. 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 firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.2%. Armada Hoffler Properties's payout ratio is presently -88.89%.

Hedge Funds Weigh In On Armada Hoffler Properties

A hedge fund recently raised its stake in Armada Hoffler Properties stock. State of Wyoming boosted its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHRT - Free Report) by 127.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,076 shares of the real estate investment trust's stock after acquiring an additional 22,441 shares during the period. State of Wyoming's holdings in Armada Hoffler Properties were worth $265,000 at the end of the most recent reporting period. Institutional investors own 66.35% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group raised shares of Armada Hoffler Properties to a "strong-buy" rating in a research report on Tuesday, August 18th. Weiss Ratings lowered shares of Armada Hoffler Properties from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.50.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a vertically integrated real estate company that develops, owns and operates a portfolio of multifamily, office and retail properties. Its projects often combine multiple property types in mixed-use environments designed to support residential, commercial and community activity.

The company's multifamily portfolio includes apartment communities, while its commercial operations encompass office buildings and retail centers. Armada Hoffler also provides development, construction and property management capabilities, allowing it to oversee projects from development and construction through ongoing operations.

Founded in 1979, Armada Hoffler has historically focused on markets in the Mid-Atlantic and Southeast regions of the United States, with an emphasis on urban and high-growth locations.

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