Insider Buying: Armada Hoffler Properties Inc (AHH) CEO Purchases 15,000 Shares of Stock

Armada Hoffler Properties Inc (NYSE:AHH) CEO Louis S. Haddad purchased 15,000 shares of Armada Hoffler Properties stock in a transaction dated Thursday, February 8th. The shares were acquired at an average cost of $13.17 per share, with a total value of $197,550.00. Following the transaction, the chief executive officer now directly owns 282,221 shares in the company, valued at $3,716,850.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Armada Hoffler Properties Inc (NYSE:AHH) traded down $0.02 during trading on Monday, reaching $13.13. 471,315 shares of the company traded hands, compared to its average volume of 374,125. The stock has a market cap of $590.92, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. Armada Hoffler Properties Inc has a one year low of $12.65 and a one year high of $16.00. The company has a quick ratio of 10.44, a current ratio of 9.59 and a debt-to-equity ratio of 1.23.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.15). The firm had revenue of $27.65 million during the quarter, compared to analysts’ expectations of $27.44 million. Armada Hoffler Properties had a return on equity of 6.23% and a net margin of 8.42%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 earnings per share. analysts predict that Armada Hoffler Properties Inc will post 1.03 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in AHH. Schwab Charles Investment Management Inc. increased its holdings in Armada Hoffler Properties by 34.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 171,447 shares of the real estate investment trust’s stock worth $2,221,000 after acquiring an additional 44,155 shares in the last quarter. Swiss National Bank boosted its stake in Armada Hoffler Properties by 20.8% in the 2nd quarter. Swiss National Bank now owns 72,500 shares of the real estate investment trust’s stock worth $939,000 after purchasing an additional 12,500 shares during the period. Wells Fargo & Company MN boosted its stake in Armada Hoffler Properties by 8.7% in the 2nd quarter. Wells Fargo & Company MN now owns 121,709 shares of the real estate investment trust’s stock worth $1,576,000 after purchasing an additional 9,756 shares during the period. Teachers Advisors LLC boosted its stake in Armada Hoffler Properties by 20.1% in the 2nd quarter. Teachers Advisors LLC now owns 81,514 shares of the real estate investment trust’s stock worth $1,056,000 after purchasing an additional 13,632 shares during the period. Finally, Ameriprise Financial Inc. bought a new position in Armada Hoffler Properties in the 2nd quarter worth approximately $3,072,000. 80.93% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on AHH shares. TheStreet raised shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. B. Riley reissued a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. Finally, Raymond James Financial reissued a “market perform” rating on shares of Armada Hoffler Properties in a report on Monday, January 8th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $15.20.

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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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