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 note published on Thursday.

Armada Hoffler Properties Price Performance

NYSE AHH opened at $11.33 on Thursday. The company has a current ratio of 9.54, a quick ratio of 9.54 and a debt-to-equity ratio of 2.41. The company has a fifty day simple moving average of $10.74 and a 200 day simple moving average of $11.28. The company has a market cap of $1.01 billion, a P/E ratio of 125.90 and a beta of 0.97. Armada Hoffler Properties has a 1 year low of $9.81 and a 1 year high of $13.11.

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

Insider Activity

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $10.37 per share, for a total transaction of $46,665.00. Following the purchase, the director now owns 12,005 shares in the company, valued at approximately $124,491.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $10.37 per share, with a total value of $46,665.00. Following the acquisition, the director now owns 12,005 shares in the company, valued at $124,491.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eric E. Apperson sold 40,000 shares of the company’s stock in a transaction dated 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 directly owns 53,867 shares in the company, valued at approximately $624,318.53. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 7,129 shares of company stock worth $74,291. 11.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Armada Hoffler Properties

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Armada Hoffler Properties by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after purchasing an additional 65,300 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Armada Hoffler Properties by 8.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,551,562 shares of the real estate investment trust’s stock worth $19,193,000 after purchasing an additional 124,204 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Armada Hoffler Properties by 11.8% in the 3rd quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock worth $11,663,000 after purchasing an additional 120,132 shares during the last quarter. Mesirow Institutional Investment Management Inc. grew its holdings in Armada Hoffler Properties by 14.2% during the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust’s stock worth $10,912,000 after acquiring an additional 130,497 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in Armada Hoffler Properties by 9.4% during the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock worth $10,098,000 after acquiring an additional 83,500 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

About Armada Hoffler Properties

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.