Armada Hoffler Properties (NYSE:AHH – Get Free Report) 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 – Get Free Report) 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
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.
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