Analysts Set Armada Hoffler Properties, Inc. (NYSE:AHRT) PT at $7.50

Armada Hoffler Properties, Inc. (NYSE:AHRT) has received an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.50.

Several analysts have recently weighed in on AHRT shares. Zacks Research upgraded shares of Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Stifel Nicolaus reduced their price target on shares of Armada Hoffler Properties from $9.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Armada Hoffler Properties from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Armada Hoffler Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Scotiabank reduced their price target on shares of Armada Hoffler Properties from $7.50 to $7.00 and set a “sector perform” rating for the company in a report on Tuesday, March 17th.

Hedge Funds Weigh In On Armada Hoffler Properties

Several large investors have recently bought and sold shares of AHRT. Adams Asset Advisors LLC increased its position in shares of Armada Hoffler Properties by 36.7% during the 4th quarter. Adams Asset Advisors LLC now owns 409,923 shares of the real estate investment trust’s stock valued at $2,714,000 after purchasing an additional 110,000 shares during the last quarter. Versor Investments LP increased its position in shares of Armada Hoffler Properties by 664.8% during the 3rd quarter. Versor Investments LP now owns 82,600 shares of the real estate investment trust’s stock valued at $579,000 after purchasing an additional 71,800 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Armada Hoffler Properties during the 3rd quarter valued at $720,000. Fox Run Management L.L.C. increased its position in shares of Armada Hoffler Properties by 8.3% during the 3rd quarter. Fox Run Management L.L.C. now owns 44,522 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 3,426 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC purchased a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at $73,000. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Performance

NYSE:AHRT opened at $6.88 on Wednesday. The stock has a market cap of $692.38 million, a P/E ratio of -20.22 and a beta of 1.08. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 2.26. The stock’s 50-day moving average is $6.35 and its 200-day moving average is $6.43. Armada Hoffler Properties has a 1-year low of $5.13 and a 1-year high of $7.71.

Armada Hoffler Properties (NYSE:AHRT) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $52.43 million. Armada Hoffler Properties has set its FY 2026 guidance at 0.510-0.550 EPS. Equities research analysts anticipate that Armada Hoffler Properties will post 0.58 earnings per share for the current year.

Armada Hoffler Properties declared that its Board of Directors has initiated a share repurchase program on Thursday, May 14th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 15% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Wednesday, June 24th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Wednesday, June 24th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -164.71%.

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.