Stifel Nicolaus Cuts Armada Hoffler Properties (NYSE:AHRT) Price Target to $8.00

Key Points

• Stifel Nicolaus cut its price target on Armada Hoffler Properties from $9.00 to $8.00 but kept a "buy" rating, with the new target implying about a 25.73% upside from the stock's previous close.
• The analyst consensus is mixed: Armada Hoffler has an average rating of "Hold" and an average price target of $7.50, with one Strong Buy, one Buy, two Hold and two Sell ratings reported.
• Insider activity and recent trading show director Frederick Blair Wimbush bought 10,000 shares at $6.19 (a 34.86% increase in his stake), and the stock traded up 6.4% to $6.36 on the latest session.

Armada Hoffler Properties (NYSE:AHRT - Get Free Report) had its price objective decreased by equities researchers at Stifel Nicolaus from $9.00 to $8.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Stifel Nicolaus' price objective suggests a potential upside of 25.73% from the stock's previous close.

A number of other research firms have also weighed in on AHRT. Scotiabank dropped their target price on Armada Hoffler Properties from $7.50 to $7.00 and set a "sector perform" rating on the stock in a report on Tuesday, March 17th. Zacks Research upgraded Armada Hoffler Properties from a "strong sell" rating to a "hold" rating in a report on Friday, April 17th. Finally, UBS Group set a $7.50 target price on Armada Hoffler Properties in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Armada Hoffler Properties currently has an average rating of "Hold" and an average price target of $7.50.

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Armada Hoffler Properties Stock Up 6.4%

NYSE:AHRT traded up $0.38 on Tuesday, hitting $6.36. The stock had a trading volume of 316,691 shares, compared to its average volume of 1,321,929. Armada Hoffler Properties has a 52 week low of $5.13 and a 52 week high of $7.71. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 2.46. The business's fifty day moving average is $5.85 and its 200 day moving average is $6.38. The company has a market cap of $659.72 million, a PE ratio of -78.81 and a beta of 1.05.

Insider Activity

In other news, Director Frederick Blair Wimbush bought 10,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the completion of the purchase, the director directly owned 38,685 shares in the company, valued at $239,460.15. This represents a 34.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 11,064 shares of company stock valued at $67,644 in the last 90 days. Insiders own 11.90% of the company's stock.

Institutional Trading of Armada Hoffler Properties

Hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. raised its stake in shares of Armada Hoffler Properties by 99.3% in 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 buying an additional 3,173 shares during the period. Danske Bank A S purchased a new position in shares of Armada Hoffler Properties in the fourth quarter valued at $45,000. Tower Research Capital LLC TRC grew its position in shares of Armada Hoffler Properties by 172.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 5,015 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of Armada Hoffler Properties in the fourth quarter valued at $68,000. Finally, Inscription Capital LLC purchased a new position in shares of Armada Hoffler Properties in the third quarter valued at $72,000. 66.35% of the stock is currently owned by institutional investors.

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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