Armada Hoffler Properties (NYSE:AHRT) Director Frederick Blair Wimbush Purchases 10,000 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHRT) Director Frederick Blair Wimbush acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $6.19 per share, for a total transaction 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. This represents a 34.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, January 8th, Frederick Blair Wimbush bought 328 shares of Armada Hoffler Properties stock. The shares were acquired at an average price of $6.63 per share, with a total value of $2,174.64.

Armada Hoffler Properties Price Performance

AHRT traded up $0.06 during midday trading on Thursday, reaching $6.42. 271,352 shares of the company’s stock were exchanged, compared to its average volume of 1,125,061. Armada Hoffler Properties, Inc. has a 1-year low of $5.84 and a 1-year high of $9.22. The stock has a market capitalization of $665.63 million, a PE ratio of -80.25 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’s 50-day moving average price is $6.71 and its 200 day moving average price is $6.77.

Institutional Trading of Armada Hoffler Properties

Several institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in Armada Hoffler Properties by 99.3% during 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 acquiring an additional 3,173 shares during the period. Danske Bank A S acquired a new position in shares of Armada Hoffler Properties in the 4th quarter valued at about $45,000. Tower Research Capital LLC TRC grew its holdings in shares of Armada Hoffler Properties by 172.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 5,015 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in Armada Hoffler Properties during the 4th quarter worth approximately $68,000. Finally, RPO LLC acquired a new stake in Armada Hoffler Properties during the 4th quarter worth approximately $68,000. 66.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Armada Hoffler Properties in a report on Monday, December 29th. UBS Group set a $7.50 target price on shares of Armada Hoffler Properties in a research note on Wednesday, January 14th. Stifel Nicolaus reduced their target price on shares of Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Scotiabank lifted 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 report on Wednesday, January 14th. Finally, Wall Street Zen downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.