Armada Hoffler Properties, Inc. (NYSE:AHH) Director Dennis H. Gartman Buys 4,500 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now directly owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Armada Hoffler Properties Price Performance

NYSE AHH opened at $10.92 on Friday. The company has a 50-day moving average price of $11.00 and a 200-day moving average price of $11.32. Armada Hoffler Properties, Inc. has a 52 week low of $10.02 and a 52 week high of $13.11. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The firm has a market capitalization of $1.11 billion, a P/E ratio of -52.00 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results 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). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $65.01 million. During the same period in the prior year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Hedge Funds Weigh In On Armada Hoffler Properties

Institutional investors have recently bought and sold shares of the stock. Vision Capital Corp purchased a new position in Armada Hoffler Properties during the third quarter valued at approximately $11,913,000. Great Lakes Advisors LLC bought a new position in Armada Hoffler Properties in the 2nd quarter worth $2,961,000. Franklin Resources Inc. increased its stake in Armada Hoffler Properties by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after buying an additional 158,625 shares in the last quarter. FMR LLC raised its holdings in Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after acquiring an additional 140,964 shares during the period. Finally, Seven Grand Managers LLC bought a new stake in Armada Hoffler Properties during the third quarter valued at about $1,451,000. 66.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AHH. StockNews.com cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Armada Hoffler Properties Company Profile

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.