Insider Buying: Armada Hoffler Properties (NYSE:AHRT) Director Acquires 3,000 Shares of Company Stock

Armada Hoffler Properties, Inc. (NYSE:AHRT) Director Lori Wittman acquired 3,000 shares of the stock in a transaction on Monday, September 28th. The stock was bought at an average price of $5.95 per share, with a total value of $17,850.00. Following the transaction, the director directly owned 3,000 shares in the company, valued at approximately $17,850. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Armada Hoffler Properties Price Performance

Shares of NYSE AHRT traded up $0.12 during trading on Tuesday, reaching $6.01. The company had a trading volume of 1,308,753 shares, compared to its average volume of 1,058,307. Armada Hoffler Properties, Inc. has a 52 week low of $5.13 and a 52 week high of $7.33. The stock has a market cap of $448.66 million, a PE ratio of -9.55 and a beta of 1.05. The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.10 and a current ratio of 3.10. The business’s 50 day moving average price is $6.63 and its 200-day moving average price is $6.47.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 30th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.3%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -88.89%.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of institutional investors and hedge funds have recently modified their holdings of the business. TT Capital Management LLC increased its stake in shares of Armada Hoffler Properties by 24.5% in the 4th quarter. TT Capital Management LLC now owns 148,175 shares of the real estate investment trust’s stock valued at $981,000 after acquiring an additional 29,200 shares during the last quarter. State of Wyoming boosted its stake in Armada Hoffler Properties by 127.3% during the 4th quarter. State of Wyoming now owns 40,076 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 22,441 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Armada Hoffler Properties during the fourth quarter valued at approximately $68,000. Finally, Hantz Financial Services Inc. grew its holdings in Armada Hoffler Properties by 206.3% during the fourth quarter. Hantz Financial Services Inc. now owns 19,501 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 13,134 shares during the period. 66.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, August 18th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Armada Hoffler Properties in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.50.

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.