Armada Hoffler Properties, Inc. (NYSE:AHRT) Stock Rated “Hold” by Wall Street Analysts

Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) have been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $7.50.

A number of equities analysts have commented on AHRT shares. Weiss Ratings restated a “sell (d+)” rating on shares of Armada Hoffler Properties in a research note on Friday, August 7th. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, August 18th.

Institutional Investors Weigh In On Armada Hoffler Properties

Several hedge funds have recently made changes to their positions in AHRT. TT Capital Management LLC raised its holdings in shares of Armada Hoffler Properties by 24.5% in the fourth 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 in the last quarter. State of Wyoming lifted its stake in Armada Hoffler Properties by 127.3% in the fourth 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. Eurizon Capital SGR S.p.A. bought a new position in Armada Hoffler Properties during the 4th quarter worth about $68,000. Hantz Financial Services Inc. grew its holdings in 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 in the last quarter. Finally, Murphy Pohlad Asset Management LLC purchased a new position in Armada Hoffler Properties during the 4th quarter valued at about $73,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Armada Hoffler Properties Trading Up 1.9%

AHRT stock opened at $6.07 on Friday. Armada Hoffler Properties has a 12 month low of $5.13 and a 12 month high of $7.33. The firm’s 50-day moving average is $6.67 and its 200 day moving average is $6.47. The company has a market capitalization of $452.41 million, a PE ratio of -9.63 and a beta of 1.05. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.10 and a quick ratio of 3.10.

Armada Hoffler Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 9.2%. The ex-dividend date is Wednesday, September 30th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -88.89%.

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.