Insider Buying: Armada Hoffler Properties (NYSE:AHRT) Director Acquires 1,879 Shares of Company Stock

Armada Hoffler Properties, Inc. (NYSE:AHRT) Director Theodore Bigman acquired 1,879 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, October 8th. The shares were bought at an average price of $5.96 per share, for a total transaction of $11,198.84. Following the transaction, the director owned 84,196 shares of the company’s stock, valued at $501,808.16. This represents a 2.28% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Armada Hoffler Properties Trading Up 0.1%

NYSE:AHRT traded up $0.01 during trading hours on Friday, hitting $6.05. The company had a trading volume of 496,553 shares, compared to its average volume of 1,088,648. Armada Hoffler Properties, Inc. has a 1 year low of $5.13 and a 1 year high of $7.33. The company has a market cap of $451.64 million, a P/E ratio of -9.61 and a beta of 1.09. The company has a 50-day moving average of $6.47 and a 200 day moving average of $6.49. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.91.

Armada Hoffler Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 30th were issued a $0.14 dividend. 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 is currently -88.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.50.

Institutional Trading of Armada Hoffler Properties

A hedge fund recently raised its stake in Armada Hoffler Properties stock. State of Wyoming raised its stake in Armada Hoffler Properties, Inc. (NYSE:AHRT) by 127.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,076 shares of the real estate investment trust’s stock after buying an additional 22,441 shares during the quarter. State of Wyoming’s holdings in Armada Hoffler Properties were worth $265,000 at the end of the most recent quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

About Armada Hoffler Properties

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.