Adams Asset Advisors LLC Acquires 110,000 Shares of Armada Hoffler Properties, Inc. $AHRT

Adams Asset Advisors LLC lifted its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) by 36.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 409,923 shares of the real estate investment trust’s stock after acquiring an additional 110,000 shares during the quarter. Adams Asset Advisors LLC’s holdings in Armada Hoffler Properties were worth $2,714,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Armada Hoffler Properties by 12.4% during the 4th quarter. SG Americas Securities LLC now owns 40,132 shares of the real estate investment trust’s stock worth $266,000 after purchasing an additional 4,434 shares during the period. Coldstream Capital Management Inc. bought a new stake in Armada Hoffler Properties in the third quarter worth about $111,000. Abel Hall LLC boosted its stake in Armada Hoffler Properties by 125.9% in the third quarter. Abel Hall LLC now owns 37,278 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 20,775 shares during the last quarter. PharVision Advisers LLC grew its position in shares of Armada Hoffler Properties by 44.0% during the 3rd quarter. PharVision Advisers LLC now owns 19,658 shares of the real estate investment trust’s stock valued at $138,000 after acquiring an additional 6,003 shares during the period. Finally, Dark Forest Capital Management LP grew its position in shares of Armada Hoffler Properties by 195.5% during the 3rd quarter. Dark Forest Capital Management LP now owns 182,626 shares of the real estate investment trust’s stock valued at $1,280,000 after acquiring an additional 120,825 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Up 0.1%

AHRT opened at $5.16 on Monday. Armada Hoffler Properties, Inc. has a 12 month low of $5.13 and a 12 month high of $7.71. The company has a market cap of $534.47 million, a PE ratio of -64.44 and a beta of 1.03. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 2.46. The company has a 50 day moving average of $6.36 and a 200 day moving average of $6.59.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Thursday, March 26th. Armada Hoffler Properties’s payout ratio is presently -700.00%.

Insiders Place Their Bets

In related news, Director Frederick Blair Wimbush purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the completion of the transaction, the director directly owned 38,685 shares in the company, valued at approximately $239,460.15. This represents a 34.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 11.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on AHRT shares. Zacks Research lowered Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Scotiabank dropped their price target on Armada Hoffler Properties from $7.50 to $7.00 and set a “sector perform” rating on the stock in a research report on Tuesday, March 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. UBS Group set a $7.50 price objective on Armada Hoffler Properties in a report on Wednesday, January 14th. Finally, Stifel Nicolaus lowered their price objective on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Armada Hoffler Properties currently has an average rating of “Hold” and an average price target of $7.70.

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.