Armada Hoffler Properties (NYSE:AHRT) Director Frederick Blair Wimbush Purchases 10,000 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHRT) Director Frederick Blair Wimbush bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the transaction, the director directly owned 38,685 shares of the company’s stock, valued at $239,460.15. The trade was a 34.86% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Frederick Blair Wimbush also recently made the following trade(s):

• On Thursday, January 8th, Frederick Blair Wimbush purchased 328 shares of Armada Hoffler Properties stock. The shares were purchased at an average cost of $6.63 per share, with a total value of $2,174.64.

Armada Hoffler Properties Stock Performance

NYSE AHRT traded up $0.17 on Wednesday, reaching $6.38. The stock had a trading volume of 1,059,188 shares, compared to its average volume of 1,563,176. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.15 and a quick ratio of 6.15. The company has a market cap of $661.48 million, a P/E ratio of -79.75 and a beta of 1.03. The firm has a fifty day moving average of $6.71 and a two-hundred day moving average of $6.77. Armada Hoffler Properties, Inc. has a 1-year low of $5.84 and a 1-year high of $9.22.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AHRT. Wall Street Zen downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Scotiabank increased their target price 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 reaffirmed a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. Stifel Nicolaus cut their price objective on shares of Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, Zacks Research lowered shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Armada Hoffler Properties has a consensus rating of “Hold” and a consensus price target of $7.80.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its stake in shares of Armada Hoffler Properties by 99.3% during the third quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 3,173 shares in the last quarter. Danske Bank A S acquired a new stake in Armada Hoffler Properties during the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC boosted its position in Armada Hoffler Properties by 172.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 5,015 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in Armada Hoffler Properties during the 4th quarter worth approximately $68,000. Finally, Inscription Capital LLC acquired a new position in Armada Hoffler Properties in the 3rd quarter valued at approximately $72,000. Institutional investors and hedge funds 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.