Armada Hoffler Properties Inc (NYSE:AHH) CEO Louis S. Haddad purchased 15,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of $13.17 per share, for a total transaction of $197,550.00. Following the completion of the purchase, the chief executive officer now directly owns 282,221 shares of the company’s stock, valued at approximately $3,716,850.57. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Armada Hoffler Properties Inc (NYSE:AHH) opened at $13.55 on Tuesday. Armada Hoffler Properties Inc has a fifty-two week low of $12.65 and a fifty-two week high of $16.00. The firm has a market cap of $608.89, a P/E ratio of 13.69, a P/E/G ratio of 3.86 and a beta of 0.46. The company has a quick ratio of 10.44, a current ratio of 9.59 and a debt-to-equity ratio of 1.23.
Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). Armada Hoffler Properties had a net margin of 8.42% and a return on equity of 6.23%. The business had revenue of $27.65 million during the quarter, compared to the consensus estimate of $27.44 million. During the same period in the previous year, the business posted $0.25 earnings per share. Armada Hoffler Properties’s revenue was up 4.3% compared to the same quarter last year. research analysts expect that Armada Hoffler Properties Inc will post 1.03 EPS for the current year.
AHH has been the topic of several analyst reports. B. Riley reissued a “buy” rating on shares of Armada Hoffler Properties in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, January 15th. TheStreet upgraded shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. Citigroup cut shares of Armada Hoffler Properties to a “market perform” rating in a research note on Monday, January 8th. They noted that the move was a valuation call. Finally, Raymond James Financial restated a “market perform” rating on shares of Armada Hoffler Properties in a research note on Monday, January 8th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $15.20.
Several hedge funds and other institutional investors have recently made changes to their positions in AHH. Public Employees Retirement System of Ohio bought a new position in shares of Armada Hoffler Properties during the third quarter worth $117,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Armada Hoffler Properties by 83.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 9,900 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 4,500 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of Armada Hoffler Properties during the fourth quarter worth $158,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Armada Hoffler Properties during the fourth quarter worth $160,000. Finally, Raymond James Trust N.A. bought a new position in shares of Armada Hoffler Properties during the third quarter worth $163,000. 80.24% of the stock is currently owned by institutional investors.
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About Armada Hoffler Properties
Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.
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