Louis S. Haddad Acquires 15,000 Shares of Armada Hoffler Properties, Inc. (AHH) Stock
Armada Hoffler Properties, Inc. (NYSE:AHH) CEO Louis S. Haddad purchased 15,000 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of $14.92 per share, for a total transaction of $223,800.00. Following the transaction, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Armada Hoffler Properties, Inc. (NYSE AHH) opened at $14.97 on Friday. The company has a quick ratio of 10.44, a current ratio of 10.44 and a debt-to-equity ratio of 1.13. Armada Hoffler Properties, Inc. has a twelve month low of $12.65 and a twelve month high of $15.16. The stock has a market cap of $669.56, a PE ratio of 14.75, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55.
Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The firm had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $27.06 million. During the same quarter last year, the company posted $0.26 earnings per share. Armada Hoffler Properties’s revenue was up 7.1% on a year-over-year basis. equities analysts expect that Armada Hoffler Properties, Inc. will post 0.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.08%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 152.00%.
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Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a research report on Thursday, November 2nd. TheStreet raised shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st. FBR & Co reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a research report on Tuesday, October 3rd. Finally, ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $15.08.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of Armada Hoffler Properties during the second quarter valued at approximately $113,000. Legal & General Group Plc raised its holdings in shares of Armada Hoffler Properties by 12.1% during the first quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 967 shares during the last quarter. Loeb Partners Corp bought a new stake in shares of Armada Hoffler Properties during the second quarter valued at approximately $129,000. Institute for Wealth Management LLC. bought a new stake in shares of Armada Hoffler Properties during the second quarter valued at approximately $130,000. Finally, US Bancorp DE raised its holdings in shares of Armada Hoffler Properties by 15,303.0% during the second quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 10,100 shares during the last quarter. 81.36% of the stock is currently owned by institutional investors.
About Armada Hoffler Properties
Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.
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