Armada Hoffler Properties (NYSE:AHH) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
Several other research analysts have also commented on AHH. Citigroup lowered shares of Armada Hoffler Properties to a “market perform” rating in a research note on Monday, January 8th. They noted that the move was a valuation call. Raymond James restated a “market perform” rating on shares of Armada Hoffler Properties in a research note on Monday, January 8th. Zacks Investment Research lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, TheStreet lowered shares of Armada Hoffler Properties from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.20.
Shares of NYSE AHH traded down $0.23 during trading hours on Monday, hitting $13.17. 315,329 shares of the stock were exchanged, compared to its average volume of 310,321. The company has a quick ratio of 9.59, a current ratio of 9.59 and a debt-to-equity ratio of 1.23. The firm has a market cap of $604.34, a PE ratio of 13.30, a price-to-earnings-growth ratio of 3.17 and a beta of 0.49. Armada Hoffler Properties has a 12 month low of $12.65 and a 12 month high of $16.00.
In related news, CEO Louis S. Haddad purchased 15,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $13.17 per share, for a total transaction of $197,550.00. Following the purchase, the chief executive officer now owns 282,221 shares of the company’s stock, valued at approximately $3,716,850.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.59% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at $305,000. Macquarie Group Ltd. purchased a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at $14,627,000. Millennium Management LLC purchased a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at $1,523,000. Two Sigma Advisers LP boosted its holdings in shares of Armada Hoffler Properties by 31.9% in the 4th quarter. Two Sigma Advisers LP now owns 112,342 shares of the real estate investment trust’s stock valued at $1,745,000 after acquiring an additional 27,200 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Armada Hoffler Properties by 183.9% in the 4th quarter. Deutsche Bank AG now owns 158,402 shares of the real estate investment trust’s stock valued at $2,456,000 after acquiring an additional 102,598 shares during the last quarter. 80.31% of the stock is currently owned by institutional investors and hedge funds.
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Armada Hoffler Properties Company Profile
Armada Hoffler Properties, Inc (NYSE:AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly four decades of experience developing, building, acquiring and managing high-quality, institutional-grade office, retail and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.
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