Armada Hoffler Properties (NYSE:AHH) Stock Rating Upgraded by StockNews.com

Armada Hoffler Properties (NYSE:AHH) was upgraded by research analysts at StockNews.com to a “sell” rating in a research report issued on Saturday.

Armada Hoffler Properties Stock Performance

Armada Hoffler Properties stock opened at $10.83 on Friday. The stock has a 50-day simple moving average of $10.44 and a 200 day simple moving average of $11.13. The stock has a market capitalization of $957.16 million, a price-to-earnings ratio of -216.56 and a beta of 0.97. The company has a quick ratio of 9.55, a current ratio of 9.55 and a debt-to-equity ratio of 2.35. Armada Hoffler Properties has a 12-month low of $9.81 and a 12-month high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.59). Armada Hoffler Properties had a return on equity of 1.09% and a net margin of 1.12%. The company had revenue of $186.75 million during the quarter, compared to the consensus estimate of $63.93 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s revenue was up 23.1% on a year-over-year basis. On average, research analysts anticipate that Armada Hoffler Properties will post 1.24 earnings per share for the current fiscal year.

Insider Activity

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $10.37 per share, for a total transaction of $46,665.00. Following the transaction, the director now owns 12,005 shares in the company, valued at approximately $124,491.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought 7,129 shares of company stock valued at $74,291 over the last 90 days. 11.90% of the stock is owned by company insiders.

Institutional Trading of Armada Hoffler Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC grew its stake in shares of Armada Hoffler Properties by 224.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 2,853 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Armada Hoffler Properties in the 3rd quarter valued at approximately $62,000. Van ECK Associates Corp raised its position in shares of Armada Hoffler Properties by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 9,441 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,552 shares during the period. Quadrature Capital Ltd acquired a new position in Armada Hoffler Properties during the third quarter valued at approximately $143,000. Finally, Jump Financial LLC bought a new stake in Armada Hoffler Properties in the third quarter valued at approximately $191,000. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

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.