Key Points
- Insider buying: Director Theodore Bigman purchased 1,879 AHRT shares at an average price of $5.96, increasing his holdings by 2.28% to 84,196 shares.
- Dividend and valuation: Armada Hoffler’s quarterly dividend is $0.14 per share, equating to an annualized yield of approximately 9.2%. Shares recently opened at $6.05, near the lower end of their 52-week range.
- Analyst outlook: Ratings are mixed, with one Strong Buy, one Buy, two Holds and one Sell; the overall consensus is Hold, with an average price target of $7.50.
Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) Director Theodore Bigman bought 1,879 shares of the company's stock in a transaction dated Thursday, October 8th. The stock was bought at an average cost of $5.96 per share, with a total value of $11,198.84. Following the completion of the acquisition, the director owned 84,196 shares in the company, valued at $501,808.16. This represents a 2.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Armada Hoffler Properties Price Performance
Shares of AHRT stock opened at $6.05 on Friday. The stock's fifty day simple moving average is $6.45 and its 200 day simple moving average is $6.49. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.10 and a quick ratio of 3.10. The firm has a market cap of $451.66 million, a price-to-earnings ratio of -9.61 and a beta of 1.09. Armada Hoffler Properties, Inc. has a one year low of $5.13 and a one year high of $7.33.
Armada Hoffler Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.2%. Armada Hoffler Properties's dividend payout ratio (DPR) is presently -88.89%.
Institutional Investors Weigh In On Armada Hoffler Properties
An institutional investor recently raised its stake in Armada Hoffler Properties stock. State of Wyoming raised its holdings in Armada Hoffler Properties, Inc. (NYSE:AHRT - Free Report) by 127.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,076 shares of the real estate investment trust's stock after purchasing an additional 22,441 shares during the quarter. State of Wyoming's holdings in Armada Hoffler Properties were worth $265,000 as of its most recent SEC filing. 66.35% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on AHRT shares. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a "strong-buy" rating in a research note on Tuesday, August 18th. Weiss Ratings cut shares of Armada Hoffler Properties from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $7.50.
View Our Latest Analysis on Armada Hoffler Properties
Armada Hoffler Properties Company Profile
(
Get Free Report)
Armada Hoffler Properties, Inc is a vertically integrated real estate company that develops, owns and operates a portfolio of multifamily, office and retail properties. Its projects often combine multiple property types in mixed-use environments designed to support residential, commercial and community activity.
The company's multifamily portfolio includes apartment communities, while its commercial operations encompass office buildings and retail centers. Armada Hoffler also provides development, construction and property management capabilities, allowing it to oversee projects from development and construction through ongoing operations.
Founded in 1979, Armada Hoffler has historically focused on markets in the Mid-Atlantic and Southeast regions of the United States, with an emphasis on urban and high-growth locations.
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