Armada Hoffler Properties, Inc. (NYSE:AHRT) Receives $7.80 Average PT from Analysts

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) have been given an average rating of “Hold” by the six analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $7.80.

AHRT has been the topic of several research analyst reports. UBS Group set a $7.50 target price on Armada Hoffler Properties in a research report on Wednesday, January 14th. Zacks Research downgraded Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Scotiabank increased their price target on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Wall Street Zen cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th.

Armada Hoffler Properties Stock Down 2.7%

Shares of NYSE AHRT opened at $6.24 on Monday. The company has a market capitalization of $646.96 million, a price-to-earnings ratio of -78.00 and a beta of 1.03. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.15 and a quick ratio of 6.15. The business has a 50-day moving average of $6.70 and a two-hundred day moving average of $6.76. Armada Hoffler Properties has a 1 year low of $5.84 and a 1 year high of $9.22.

Insider Buying and Selling

In related news, Director Frederick Blair Wimbush purchased 10,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of $6.19 per share, with a total value of $61,900.00. Following the completion of the transaction, the director directly owned 38,685 shares in the company, valued at approximately $239,460.15. The trade was a 34.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.90% of the stock is owned by corporate insiders.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in AHRT. Berman McAleer LLC purchased a new position in Armada Hoffler Properties during the 3rd quarter worth approximately $7,317,000. Penserra Capital Management LLC lifted its stake in Armada Hoffler Properties by 45.9% in the second quarter. Penserra Capital Management LLC now owns 147,369 shares of the real estate investment trust’s stock valued at $1,012,000 after buying an additional 46,370 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Armada Hoffler Properties by 3,588.7% in the second quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after acquiring an additional 1,084,825 shares during the period. Crossingbridge Advisors LLC boosted its holdings in shares of Armada Hoffler Properties by 800.0% in the second quarter. Crossingbridge Advisors LLC now owns 45,000 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 40,000 shares during the period. Finally, Inceptionr LLC purchased a new position in shares of Armada Hoffler Properties during the second quarter worth approximately $331,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

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.