Armada Hoffler Properties (NYSE:AHH) Upgraded to “Sell” by StockNews.com

Armada Hoffler Properties (NYSE:AHH) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Saturday.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $10.83 on Friday. The stock has a market capitalization of $957.16 million, a PE ratio of -216.56 and a beta of 0.97. The business’s fifty day moving average price is $10.44 and its 200 day moving average price is $11.13. The company has a debt-to-equity ratio of 2.35, a current ratio of 9.55 and a quick ratio of 9.55. Armada Hoffler Properties has a 12-month low of $9.81 and a 12-month high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.59). The business had revenue of $186.75 million during the quarter, compared to analyst estimates of $63.93 million. Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share. Equities research analysts forecast that Armada Hoffler Properties will post 1.24 EPS for the current year.

Insider Activity at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $10.37 per share, with a total value of $46,665.00. Following the purchase, the director now directly owns 12,005 shares of the company’s stock, valued at $124,491.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 7,129 shares of company stock worth $74,291 in the last ninety days. 11.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in Armada Hoffler Properties by 323.6% in the 3rd quarter. SG Americas Securities LLC now owns 44,897 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 34,298 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Armada Hoffler Properties during the third quarter valued at approximately $329,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Armada Hoffler Properties by 17.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,138 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 5,231 shares in the last quarter. Inspire Investing LLC acquired a new position in Armada Hoffler Properties in the third quarter worth approximately $307,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of Armada Hoffler Properties by 10.1% in the third quarter. Teacher Retirement System of Texas now owns 41,754 shares of the real estate investment trust’s stock valued at $428,000 after buying an additional 3,847 shares in the last quarter. 66.35% of the stock is owned by institutional investors.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.