Insider Buying: Armada Hoffler Properties, Inc. (NYSE:AHH) Director Acquires $48,825.00 in Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the transaction, the director now directly owns 31,649 shares in the company, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Armada Hoffler Properties Stock Performance

AHH opened at $10.92 on Monday. The firm has a market cap of $1.11 billion, a P/E ratio of -52.00 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 52-week low of $10.02 and a 52-week high of $13.11. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. The business’s fifty day moving average is $11.00 and its 200-day moving average is $11.32.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.42). The company had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. Sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on AHH. Stifel Nicolaus increased their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Institutional Trading of Armada Hoffler Properties

Large investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in Armada Hoffler Properties by 12.3% in the third quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 1,251 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Armada Hoffler Properties by 6.3% in the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 1,316 shares in the last quarter. abrdn plc boosted its stake in Armada Hoffler Properties by 10.5% in the third quarter. abrdn plc now owns 13,856 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 1,322 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Armada Hoffler Properties by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust’s stock valued at $1,053,000 after buying an additional 1,642 shares in the last quarter. Finally, Cetera Advisors LLC boosted its stake in Armada Hoffler Properties by 15.0% in the first quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,872 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.