Armada Hoffler Properties (NYSE:AHRT) Rating Lowered to “Strong Sell” at Zacks Research

Armada Hoffler Properties (NYSE:AHRT) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

AHRT has been the topic of several other reports. Scotiabank upped their price objective on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. Wall Street Zen lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Stifel Nicolaus dropped their price target on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, UBS Group set a $7.50 price target on Armada Hoffler Properties in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given 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 price target of $7.80.

Armada Hoffler Properties Trading Down 0.6%

Armada Hoffler Properties stock opened at $6.25 on Monday. The stock has a 50-day simple moving average of $6.71 and a 200 day simple moving average of $6.77. The stock has a market capitalization of $647.48 million, a P/E ratio of -78.06 and a beta of 1.03. The company has a debt-to-equity ratio of 2.46, a quick ratio of 6.15 and a current ratio of 6.15. Armada Hoffler Properties has a 52 week low of $5.84 and a 52 week high of $9.22.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amundi boosted its stake in shares of Armada Hoffler Properties by 5.9% in the 1st quarter. Amundi now owns 44,107 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 2,465 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Armada Hoffler Properties by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,791 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 2,015 shares during the period. Jane Street Group LLC lifted its holdings in shares of Armada Hoffler Properties by 268.6% in the first quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 52,397 shares in the last quarter. Strs Ohio purchased a new stake in shares of Armada Hoffler Properties in the first quarter worth $111,000. Finally, Savant Capital LLC bought a new position in shares of Armada Hoffler Properties in the second quarter worth approximately $117,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

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.