Armada Hoffler Properties (NYSE:AHH) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Armada Hoffler Properties (NYSE:AHH) from a sell rating to a hold rating in a research report released on Thursday morning.

Armada Hoffler Properties Trading Up 0.4 %

AHH stock opened at $11.33 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 9.54 and a quick ratio of 9.54. The company has a fifty day moving average price of $10.74 and a two-hundred day moving average price of $11.28. Armada Hoffler Properties has a one year low of $9.81 and a one year high of $13.11. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 125.90 and a beta of 0.97.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.59). Armada Hoffler Properties had a return on equity of 2.96% and a net margin of 2.76%. The company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $63.93 million. During the same period last year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. Equities analysts anticipate that Armada Hoffler Properties will post 1.25 EPS for the current year.

Insiders Place Their Bets

In other Armada Hoffler Properties news, insider Eric E. Apperson sold 40,000 shares of Armada Hoffler Properties stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $11.59, for a total transaction of $463,600.00. Following the completion of the transaction, the insider now directly owns 53,867 shares of the company’s stock, valued at $624,318.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Eric E. Apperson sold 40,000 shares of Armada Hoffler Properties stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $11.59, for a total transaction of $463,600.00. Following the completion of the sale, the insider now owns 53,867 shares of the company’s stock, valued at $624,318.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $10.37 per share, with a total value of $46,665.00. Following the acquisition, the director now directly owns 12,005 shares of the company’s stock, valued at approximately $124,491.85. The disclosure for this purchase can be found here. Insiders purchased a total of 7,129 shares of company stock valued at $74,291 over the last ninety days. 11.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently modified their holdings of AHH. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Armada Hoffler Properties during the third quarter worth $329,000. Teacher Retirement System of Texas raised its stake in Armada Hoffler Properties by 10.1% in the third quarter. Teacher Retirement System of Texas now owns 41,754 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 3,847 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in Armada Hoffler Properties in the third quarter valued at about $422,000. Jump Financial LLC acquired a new position in Armada Hoffler Properties in the third quarter valued at about $191,000. Finally, Swiss National Bank raised its stake in Armada Hoffler Properties by 1.3% in the third quarter. Swiss National Bank now owns 149,300 shares of the real estate investment trust’s stock valued at $1,529,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.