Armada Hoffler Properties Director Purchases $109,402 in Stock (AHH)
Armada Hoffler Properties (NYSE:AHH) Director A Russell Kirk bought 11,789 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $9.28 per share, for a total transaction of $109,401.92. Following the purchase, the director now directly owns 42,486 shares of the company’s stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on AHH shares. Analysts at Janney Montgomery Scott initiated coverage on shares of Armada Hoffler Properties (NYSE:AHH) in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Analysts at Raymond James cut their price target on shares of Armada Hoffler Properties (NYSE:AHH) from $13.00 to $11.00 in a research note to investors on Tuesday, August 20th. They now have an “outperform” rating on the stock.
Shares of Armada Hoffler Properties (NYSE:AHH) traded up 1.28% during mid-day trading on Thursday, hitting $9.53. 72,969 shares of the company’s stock traded hands. Armada Hoffler Properties has a one year low of $8.89 and a one year high of $11.85. The stock has a 50-day moving average of $10.06 and a 200-day moving average of $10.91. The company has a market cap of $182.6 million and a price-to-earnings ratio of 23.76.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 10th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.72%. The ex-dividend date is Friday, September 27th. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.08.
Armada Hoffler Properties, Inc is a full-service real estate company. The Company is engaged in developing, building, owning and managing office, retail and multifamily properties throughout the Mid-Atlantic United States.
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