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

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) Director Dennis H. Gartman purchased 4,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now directly owns 31,649 shares of the company's stock, valued at $343,391.65. This represents a 16.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock traded up $0.04 during trading on Friday, reaching $10.92. The company's stock had a trading volume of 421,710 shares, compared to its average volume of 484,837. The firm has a market cap of $1.11 billion, a PE ratio of -52.00 and a beta of 1.03. The company has a 50-day moving average price of $11.00 and a two-hundred day moving average price of $11.32. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $13.11.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.42). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business had revenue of $68.60 million during the quarter, compared to analysts' expectations of $65.01 million. During the same period in the previous year, the company posted $0.31 earnings per share. Armada Hoffler Properties's quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts forecast 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 AHH. Point72 DIFC Ltd acquired a new stake in shares of Armada Hoffler Properties during the second quarter worth $46,000. KBC Group NV increased its stake in shares of Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 1,962 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Armada Hoffler Properties during the 2nd quarter worth approximately $55,000. Quarry LP boosted its stake in shares of Armada Hoffler Properties by 446.4% in the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust's stock valued at $65,000 after buying an additional 4,790 shares in the last quarter. Finally, Versor Investments LP acquired a new position in Armada Hoffler Properties during the third quarter worth $108,000. 66.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AHH has been the subject of several research analyst reports. Stifel Nicolaus upped their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research note on Tuesday, November 5th. StockNews.com downgraded Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd.

About Armada Hoffler Properties

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.