Fmr LLC Grows Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

FMR LLC increased its position in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,337,275 shares of the real estate investment trust's stock after purchasing an additional 140,964 shares during the quarter. FMR LLC owned approximately 2.61% of Armada Hoffler Properties worth $25,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AHH. Vision Capital Corp bought a new position in Armada Hoffler Properties in the third quarter worth approximately $11,913,000. Great Lakes Advisors LLC bought a new stake in Armada Hoffler Properties during the 2nd quarter valued at $2,961,000. Seven Grand Managers LLC bought a new stake in Armada Hoffler Properties during the 3rd quarter valued at $1,451,000. Algert Global LLC boosted its position in Armada Hoffler Properties by 858.2% during the 2nd quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust's stock valued at $1,561,000 after acquiring an additional 126,051 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Armada Hoffler Properties during the 3rd quarter valued at $1,156,000. Institutional investors own 66.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AHH. Stifel Nicolaus increased their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research report on Tuesday, November 5th. StockNews.com cut Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd.

Armada Hoffler Properties Stock Up 0.7 %

Shares of Armada Hoffler Properties stock traded up $0.08 during trading on Tuesday, reaching $10.97. The company's stock had a trading volume of 571,496 shares, compared to its average volume of 483,795. 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 company has a market cap of $1.11 billion, a price-to-earnings ratio of -51.90 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 1-year low of $10.02 and a 1-year high of $13.11. The company has a 50-day simple moving average of $10.99 and a two-hundred day simple moving average of $11.33.

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

Insider Transactions at Armada Hoffler Properties

In other news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, October 2nd. The stock was bought at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now directly owns 27,149 shares of the company's stock, valued at approximately $294,566.65. The trade was a 19.87 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel A. Hoffler bought 95,238 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average price of $10.50 per share, with a total value of $999,999.00. Following the purchase, the director now directly owns 266,647 shares in the company, valued at $2,799,793.50. The trade was a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.90% of the company's stock.

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.