Key Points
- Director Frederick Blair Wimbush bought 10,000 shares on March 3 at an average price of $6.19 (total $61,900), raising his holdings to 38,685 shares — a 34.86% increase in his position.
- AHRT traded up about 0.9% to $6.42, with a market capitalization of approximately $665.6 million, a 52-week range of $5.84–$9.22, and a negative P/E of -80.25; its 50- and 200-day moving averages sit near $6.71–$6.77.
- Analyst coverage is mixed, with a consensus rating of Hold and an average price target of $7.80, while individual ratings range from Strong Buy/Buy to Sell.
Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) Director Frederick Blair Wimbush bought 10,000 shares of the business's stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the purchase, the director owned 38,685 shares in the company, valued at approximately $239,460.15. This trade represents a 34.86% increase in their position. The purchase was disclosed in a 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 purchased 328 shares of Armada Hoffler Properties stock. The shares were acquired at an average cost of $6.63 per share, with a total value of $2,174.64.
Armada Hoffler Properties Stock Up 0.9%
NYSE AHRT traded up $0.06 during trading hours on Thursday, hitting $6.42. The company had a trading volume of 271,352 shares, compared to its average volume of 1,125,061. The firm's 50 day moving average is $6.71 and its 200 day moving average is $6.77. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.15 and a quick ratio of 6.15. Armada Hoffler Properties, Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $9.22. The company has a market capitalization of $665.63 million, a price-to-earnings ratio of -80.25 and a beta of 1.03.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on AHRT shares. Weiss Ratings restated a "sell (d)" rating on shares of Armada Hoffler Properties in a report on Monday, December 29th. Zacks Research downgraded shares of Armada Hoffler Properties from a "hold" rating to a "strong sell" rating in a research note on Monday. Scotiabank raised their price target 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. 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. Finally, UBS Group set a $7.50 price objective on shares of Armada Hoffler Properties in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Armada Hoffler Properties has an average rating of "Hold" and a consensus price target of $7.80.
Get Our Latest Analysis on Armada Hoffler Properties
Hedge Funds Weigh In On Armada Hoffler Properties
Several large investors have recently added to or reduced their stakes in AHRT. Hantz Financial Services Inc. lifted its position in shares of Armada Hoffler Properties by 99.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust's stock worth $45,000 after buying an additional 3,173 shares during the last quarter. Danske Bank A S bought a new stake in Armada Hoffler Properties in the fourth quarter valued at $45,000. Tower Research Capital LLC TRC boosted its holdings in shares of Armada Hoffler Properties by 172.7% during the second quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 5,015 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Armada Hoffler Properties during the fourth quarter valued at $68,000. Finally, RPO LLC acquired a new stake in shares of Armada Hoffler Properties in the 4th quarter worth about $68,000. 66.35% of the stock is currently owned by institutional investors.
About Armada Hoffler Properties
(
Get Free Report)
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.
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