Armada Hoffler Properties (NYSE:AHRT) Director Purchases $61,900.00 in Stock

Armada Hoffler Properties, Inc. (NYSE:AHRT) Director Frederick Blair Wimbush purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired 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 of the company’s stock, valued at $239,460.15. The trade was a 34.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Frederick Blair Wimbush also recently made the following trade(s):

• On Thursday, January 8th, Frederick Blair Wimbush acquired 328 shares of Armada Hoffler Properties stock. The stock was acquired at an average cost of $6.63 per share, for a total transaction of $2,174.64.

Armada Hoffler Properties Stock Down 2.7%

Shares of NYSE:AHRT opened at $6.24 on Friday. The company has a market capitalization of $646.96 million, a PE 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 fifty day moving average price of $6.70 and a two-hundred day moving average price of $6.76. Armada Hoffler Properties, Inc. has a 1 year low of $5.84 and a 1 year high of $9.22.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

AHRT has been the subject of several research reports. UBS Group set a $7.50 price target on shares of Armada Hoffler Properties in a research report on Wednesday, January 14th. Stifel Nicolaus lowered their price objective on shares of 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Scotiabank raised their price target on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.