Armada Hoffler Properties Inc (NYSE:AHH) Director Acquires $125,000.00 in Stock

Armada Hoffler Properties Inc (NYSE:AHH) Director James C. Cherry purchased 5,000 shares of the stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average price of $25.00 per share, with a total value of $125,000.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $125,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE AHH traded up $0.05 on Friday, reaching $16.60. The company’s stock had a trading volume of 144,254 shares, compared to its average volume of 273,379. The business has a 50 day moving average price of $16.77. The company has a current ratio of 13.03, a quick ratio of 13.03 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $870.17 million, a PE ratio of 16.12, a PEG ratio of 3.33 and a beta of 0.47. Armada Hoffler Properties Inc has a twelve month low of $13.53 and a twelve month high of $17.50.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.18). Armada Hoffler Properties had a net margin of 9.66% and a return on equity of 3.96%. The company had revenue of $30.91 million for the quarter, compared to analyst estimates of $31.00 million. As a group, sell-side analysts anticipate that Armada Hoffler Properties Inc will post 1.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were given a $0.21 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $0.84 annualized dividend and a dividend yield of 5.06%. Armada Hoffler Properties’s dividend payout ratio is 81.55%.

A number of equities analysts recently issued reports on AHH shares. ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.56.

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Armada Hoffler Properties by 4.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,358,325 shares of the real estate investment trust’s stock valued at $21,176,000 after acquiring an additional 56,583 shares in the last quarter. National Investment Services Inc. WI acquired a new position in shares of Armada Hoffler Properties during the 1st quarter worth approximately $387,000. LS Investment Advisors LLC increased its position in shares of Armada Hoffler Properties by 418.7% during the 4th quarter. LS Investment Advisors LLC now owns 6,717 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 5,422 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Armada Hoffler Properties by 17.1% during the 4th quarter. Prudential Financial Inc. now owns 454,225 shares of the real estate investment trust’s stock worth $6,387,000 after acquiring an additional 66,313 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Armada Hoffler Properties by 3.2% during the 3rd quarter. Morgan Stanley now owns 263,913 shares of the real estate investment trust’s stock worth $3,988,000 after acquiring an additional 8,218 shares during the last quarter. 83.56% of the stock is owned by institutional investors.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

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