Armada Hoffler Properties, Inc. (NYSE:AHRT) Receives $7.38 Average Target Price from Analysts

Armada Hoffler Properties, Inc. (NYSE:AHRT) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $7.3750.

A number of equities analysts have recently issued reports on AHRT shares. Stifel Nicolaus lowered their target price on shares of Armada Hoffler Properties from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Zacks Research raised shares of Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a report on Friday, April 17th. Wall Street Zen upgraded shares of Armada Hoffler Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings upgraded shares of Armada Hoffler Properties from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in AHRT. Danske Bank A S purchased a new stake in Armada Hoffler Properties during the 4th quarter valued at approximately $45,000. Tower Research Capital LLC TRC grew its stake in shares of Armada Hoffler Properties by 172.7% in the 2nd 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 during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Armada Hoffler Properties in the fourth quarter valued at approximately $68,000. RPO LLC acquired a new position in shares of Armada Hoffler Properties in the fourth quarter valued at approximately $68,000. Finally, Murphy Pohlad Asset Management LLC purchased a new stake in shares of Armada Hoffler Properties during the fourth quarter worth approximately $73,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Down 0.1%

Shares of NYSE AHRT opened at $6.96 on Thursday. The business has a 50-day moving average price of $6.93 and a 200 day moving average price of $6.51. The stock has a market cap of $700.46 million, a PE ratio of -20.46 and a beta of 1.06. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 2.26. Armada Hoffler Properties has a 52-week low of $5.13 and a 52-week high of $7.71.

Armada Hoffler Properties (NYSE:AHRT) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of $0.02 by $0.12. Armada Hoffler Properties had a positive return on equity of 0.91% and a negative net margin of 6.87%. Equities research analysts forecast that Armada Hoffler Properties will post 0.58 earnings per share for the current year.

Armada Hoffler Properties announced that its Board of Directors has approved a share repurchase plan on Thursday, May 14th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 15% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Armada Hoffler Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 24th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Wednesday, June 24th. Armada Hoffler Properties’s dividend payout ratio is presently -164.71%.

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.