Shares of Armada Hoffler Properties, Inc. (NYSE:AHRT – Get Free Report) have received an average rating of “Hold” from the six brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $7.50.
AHRT has been the topic of several research analyst reports. Zacks Research upgraded Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Scotiabank lowered their price target on Armada Hoffler Properties from $7.50 to $7.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 17th. Weiss Ratings raised Armada Hoffler Properties from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Stifel Nicolaus lowered their price target on Armada Hoffler Properties from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, Wall Street Zen raised Armada Hoffler Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday.
Read Our Latest Report on Armada Hoffler Properties
Armada Hoffler Properties Stock Up 0.9%
Armada Hoffler Properties (NYSE:AHRT – Get Free Report) last announced its earnings results on Monday, May 4th. The real estate investment trust reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.29). Armada Hoffler Properties had a positive return on equity of 0.91% and a negative net margin of 6.87%.The business had revenue of $40.06 million for the quarter, compared to analysts’ expectations of $52.43 million. Armada Hoffler Properties has set its FY 2026 guidance at 0.510-0.550 EPS. On average, research analysts expect that Armada Hoffler Properties will post 0.56 earnings per share for the current fiscal year.
Armada Hoffler Properties announced that its Board of Directors has approved a share buyback program on Thursday, May 14th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 15% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.
Armada Hoffler Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 24th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.56 dividend on an annualized basis and a yield of 8.1%. Armada Hoffler Properties’s payout ratio is currently -164.71%.
Insider Buying and Selling
In other news, Director Frederick Blair Wimbush purchased 10,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of $6.19 per share, with a total value of $61,900.00. Following the transaction, the director owned 38,685 shares in the company, valued at $239,460.15. The trade was a 34.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders bought 11,064 shares of company stock worth $67,644. Insiders own 11.90% of the company’s stock.
Institutional Trading of Armada Hoffler Properties
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in shares of Armada Hoffler Properties by 99.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 3,173 shares during the period. Danske Bank A S acquired a new position in shares of Armada Hoffler Properties in the 4th quarter valued at about $45,000. Tower Research Capital LLC TRC lifted its holdings in shares of Armada Hoffler Properties by 172.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 5,015 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Armada Hoffler Properties in the 4th quarter valued at about $68,000. Finally, RPO LLC acquired a new position in shares of Armada Hoffler Properties in the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 66.35% of the company’s stock.
Armada Hoffler Properties Company Profile
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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