Armada Hoffler Properties, Inc. (AHH) Reaches New 12-Month High on Insider Buying Activity

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) hit a new 52-week high during trading on Friday after an insider bought additional shares in the company. The company traded as high as $15.06 and last traded at $15.05, with a volume of 187377 shares. The stock had previously closed at $14.91.

Specifically, CEO Louis S. Haddad purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $14.92 per share, for a total transaction of $223,800.00. Following the transaction, the chief executive officer now owns 267,221 shares of the company’s stock, valued at $3,986,937.32. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.59% of the stock is currently owned by corporate insiders.

Several analysts recently commented on AHH shares. Zacks Investment Research upgraded Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Bank of America Corporation started coverage on Armada Hoffler Properties in a research report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 target price on the stock. Stifel Nicolaus restated a “hold” rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a research report on Thursday, September 21st. Finally, ValuEngine upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Armada Hoffler Properties has an average rating of “Buy” and a consensus price target of $15.08.

The company has a debt-to-equity ratio of 1.13, a quick ratio of 10.44 and a current ratio of 10.44. The company has a market cap of $669.56, a PE ratio of 14.75, a P/E/G ratio of 4.40 and a beta of 0.55.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $27.10 million during the quarter, compared to analyst estimates of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. equities research analysts forecast that Armada Hoffler Properties, Inc. will post 0.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Tuesday, December 26th. Armada Hoffler Properties’s payout ratio is currently 152.00%.

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in Armada Hoffler Properties during the 2nd quarter valued at $113,000. Legal & General Group Plc boosted its stake in Armada Hoffler Properties by 12.1% during the 1st quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 967 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Armada Hoffler Properties by 83.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 9,900 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 4,500 shares in the last quarter. Loeb Partners Corp bought a new position in Armada Hoffler Properties during the 2nd quarter valued at $129,000. Finally, Institute for Wealth Management LLC. bought a new position in Armada Hoffler Properties during the 2nd quarter valued at $130,000. 81.36% of the stock is owned by hedge funds and other institutional investors.

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Armada Hoffler Properties Company Profile

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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