Dennis H. Gartman Buys 4,500 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Armada Hoffler Properties Stock Performance

Shares of AHH stock opened at $10.92 on Friday. Armada Hoffler Properties, Inc. has a 52-week low of $10.02 and a 52-week high of $13.11. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The stock has a market cap of $1.11 billion, a PE ratio of -52.00 and a beta of 1.03. The business has a 50-day simple moving average of $11.00 and a 200-day simple moving average of $11.32.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The company had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after acquiring an additional 140,964 shares during the period. Franklin Resources Inc. increased its stake in shares of Armada Hoffler Properties by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after purchasing an additional 158,625 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Armada Hoffler Properties by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock valued at $19,127,000 after purchasing an additional 56,777 shares in the last quarter. Vision Capital Corp acquired a new position in Armada Hoffler Properties in the 3rd quarter worth about $11,913,000. Finally, Mesirow Institutional Investment Management Inc. boosted its position in Armada Hoffler Properties by 0.9% during the second quarter. Mesirow Institutional Investment Management Inc. now owns 1,058,787 shares of the real estate investment trust’s stock worth $11,742,000 after purchasing an additional 9,599 shares in the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AHH has been the subject of a number of recent research reports. StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus increased their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) 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.