Armada Hoffler Properties (NYSE:AHRT) Director Acquires $17,850.00 in Stock

Armada Hoffler Properties, Inc. (NYSE:AHRT) Director Lori Wittman purchased 3,000 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was bought at an average price of $5.95 per share, for a total transaction of $17,850.00. Following the purchase, the director owned 3,000 shares in the company, valued at approximately $17,850. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Armada Hoffler Properties Trading Up 0.6%

Shares of Armada Hoffler Properties stock opened at $6.13 on Friday. Armada Hoffler Properties, Inc. has a twelve month low of $5.13 and a twelve 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 business has a 50-day moving average price of $6.57 and a 200-day moving average price of $6.48. The firm has a market cap of $457.61 million, a price-to-earnings ratio of -9.74 and a beta of 1.09.

Armada Hoffler Properties Dividend Announcement

The company also recently declared 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 9.1%. The ex-dividend date is Wednesday, September 30th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -88.89%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Armada Hoffler Properties in a report on Friday, August 7th. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, August 18th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.50.

Institutional Investors Weigh In On Armada Hoffler Properties

Large investors have recently added to or reduced their stakes in the stock. TT Capital Management LLC raised its stake 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 during the period. State of Wyoming boosted its stake 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 purchasing 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 valued at about $68,000. Finally, 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 valued at $129,000 after purchasing an additional 13,134 shares during the last quarter. 66.35% of the stock is owned by institutional investors.

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.