Armada Hoffler Properties (NYSE:AHH) Sees Unusually-High Trading Volume – Here’s What Happened

Armada Hoffler Properties, Inc. (NYSE:AHH) saw unusually-strong trading volume on Tuesday . Approximately 740,185 shares were traded during trading, an increase of 53% from the previous session’s volume of 484,849 shares.The stock last traded at $10.92 and had previously closed at $10.99.

Analyst Upgrades and Downgrades

AHH has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties Stock Down 1.2 %

The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. The company has a fifty day moving average price of $11.00 and a 200-day moving average price of $11.32. The firm has a market capitalization of $1.10 billion, a PE ratio of -52.33 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). The firm had revenue of $68.60 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share. As a group, analysts expect that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Dennis H. Gartman purchased 4,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, the director now owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel A. Hoffler acquired 95,238 shares of Armada Hoffler Properties stock in a transaction on Thursday, September 26th. The shares were purchased at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the acquisition, the director now directly owns 266,647 shares in the company, valued at $2,799,793.50. This trade represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 104,238 shares of company stock worth $1,097,649 over the last quarter. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

Large investors have recently bought and sold shares of the business. Vision Capital Corp purchased a new position in shares of Armada Hoffler Properties in the 3rd quarter worth approximately $11,913,000. Great Lakes Advisors LLC acquired a new stake in Armada Hoffler Properties in the second quarter valued at approximately $2,961,000. Franklin Resources Inc. grew its holdings in Armada Hoffler Properties by 8.9% in the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after purchasing an additional 158,625 shares during the last quarter. FMR LLC increased its position in shares of Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after purchasing an additional 140,964 shares in the last quarter. Finally, Seven Grand Managers LLC acquired a new stake in shares of Armada Hoffler Properties in the 3rd quarter worth $1,451,000. Institutional investors own 66.35% of the company’s stock.

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.