Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) Director Dennis H. Gartman bought 4,500 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now owns 31,649 shares of the company's stock, valued at $343,391.65. The trade was a 16.58 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Armada Hoffler Properties Trading Up 0.4 %
AHH stock opened at $10.92 on Friday. The firm has a fifty day moving average price of $11.00 and a 200 day moving average price of $11.32. Armada Hoffler Properties, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $13.11. The firm has a market cap of $1.11 billion, a PE ratio of -52.00 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.42). The business had revenue of $68.60 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. Sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Armada Hoffler Properties
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AHH. Point72 DIFC Ltd purchased a new stake in Armada Hoffler Properties in the 2nd quarter worth about $46,000. KBC Group NV grew its stake in shares of Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 1,962 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Armada Hoffler Properties in the second quarter worth approximately $55,000. Quarry LP lifted its stake in shares of Armada Hoffler Properties by 446.4% during the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust's stock worth $65,000 after acquiring an additional 4,790 shares during the last quarter. Finally, Versor Investments LP purchased a new position in Armada Hoffler Properties during the 3rd quarter valued at $108,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on AHH shares. StockNews.com downgraded shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their target price 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.
Get Our Latest Report on AHH
About Armada Hoffler Properties
(
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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.
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