Key Points
- Director Lori Wittman purchased 3,000 Armada Hoffler Properties shares at an average price of $5.95, investing $17,850 and increasing her direct ownership to 3,000 shares.
- Armada Hoffler declared a quarterly dividend of $0.14 per share, equivalent to $0.56 annually and a 9.3% dividend yield; the dividend is payable October 8 to shareholders of record September 30.
- Analysts’ consensus rating is “Hold”, with a $7.50 average price target versus the stock’s reported $6.01 opening price. Institutional investors own 66.35% of the company.
Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) Director Lori Wittman purchased 3,000 shares of the stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average price of $5.95 per share, with a total value of $17,850.00. Following the completion of the acquisition, the director directly owned 3,000 shares in the company, valued at $17,850. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Armada Hoffler Properties Price Performance
Shares of Armada Hoffler Properties stock opened at $6.01 on Wednesday. The firm has a market cap of $448.66 million, a PE ratio of -9.55 and a beta of 1.05. Armada Hoffler Properties, Inc. has a 12-month low of $5.13 and a 12-month high of $7.33. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.91. The company's fifty day simple moving average is $6.61 and its two-hundred day simple moving average is $6.48.
Armada Hoffler Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Wednesday, September 30th. Armada Hoffler Properties's dividend payout ratio is currently -88.89%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. purchased a new stake in Armada Hoffler Properties in the fourth quarter worth about $68,000. Hantz Financial Services Inc. grew its holdings in shares of Armada Hoffler Properties by 206.3% during the 4th quarter. Hantz Financial Services Inc. now owns 19,501 shares of the real estate investment trust's stock worth $129,000 after acquiring an additional 13,134 shares during the period. State of Wyoming grew its holdings in shares of 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 period. Finally, TT Capital Management LLC raised its position 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 worth $981,000 after acquiring an additional 29,200 shares in the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Weiss Ratings restated a "sell (d+)" rating on shares of Armada Hoffler Properties in a report on Friday, August 7th. Jefferies Financial Group upgraded Armada Hoffler Properties to a "strong-buy" rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Armada Hoffler Properties currently has an average rating of "Hold" and an average target price of $7.50.
Get Our Latest Stock Analysis on Armada Hoffler Properties
Armada Hoffler Properties Company Profile
(
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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