Armada Hoffler Properties (NYSE:AHRT) Lowered to “Strong Sell” Rating by Zacks Research

Armada Hoffler Properties (NYSE:AHRT) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages also recently commented on AHRT. UBS Group set a $7.50 price target on shares of Armada Hoffler Properties in a report on Wednesday, January 14th. Wall Street Zen cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Scotiabank increased their price target on Armada Hoffler Properties from $7.00 to $7.50 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a report on Monday, December 29th. Finally, Stifel Nicolaus cut their price objective on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.80.

Armada Hoffler Properties Stock Down 0.6%

Shares of AHRT opened at $6.25 on Monday. The company has a quick ratio of 6.15, a current ratio of 6.15 and a debt-to-equity ratio of 2.46. The business has a fifty day moving average of $6.71 and a 200 day moving average of $6.77. The company has a market cap of $647.48 million, a PE ratio of -78.06 and a beta of 1.03. Armada Hoffler Properties has a 52-week low of $5.84 and a 52-week high of $9.22.

Hedge Funds Weigh In On Armada Hoffler Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Armada Hoffler Properties by 3.5% in the 4th quarter. Invesco Ltd. now owns 2,296,307 shares of the real estate investment trust’s stock valued at $15,202,000 after purchasing an additional 77,532 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Armada Hoffler Properties by 36.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,087 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 4,879 shares during the period. XTX Topco Ltd bought a new position in Armada Hoffler Properties in the fourth quarter worth approximately $89,000. Millennium Management LLC lifted its holdings in Armada Hoffler Properties by 34.7% during the fourth quarter. Millennium Management LLC now owns 67,311 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 17,336 shares during the period. Finally, Inspire Investing LLC boosted its position in Armada Hoffler Properties by 8.2% during the 4th quarter. Inspire Investing LLC now owns 70,230 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 5,351 shares in the last quarter. Institutional investors own 66.35% of the company’s stock.

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.