StockNews.com Downgrades Armada Hoffler Properties (NYSE:AHH) to Sell

Armada Hoffler Properties (NYSE:AHH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Several other analysts also recently issued reports on AHH. Jefferies Financial Group downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price target for the company from $13.00 to $11.00 in a report on Monday, July 15th. Stifel Nicolaus reduced their price objective on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating on the stock in a research note on Friday, September 27th.

Armada Hoffler Properties Stock Up 0.5 %

Shares of NYSE AHH opened at $11.06 on Tuesday. Armada Hoffler Properties has a 12-month low of $9.81 and a 12-month high of $13.11. The company has a market capitalization of $981.94 million, a PE ratio of 122.89 and a beta of 1.03. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The firm’s 50-day moving average is $11.58 and its two-hundred day moving average is $11.30.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Daniel A. Hoffler purchased 95,238 shares of the company’s 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 completion of the transaction, the director now owns 266,647 shares of the company’s stock, valued at approximately $2,799,793.50. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now directly owns 27,149 shares of the company’s stock, valued at $294,566.65. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new position in Armada Hoffler Properties during the second quarter worth approximately $46,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Armada Hoffler Properties in the second quarter worth $55,000. Quarry LP increased its position 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 worth $65,000 after acquiring an additional 4,790 shares in the last quarter. Quest Partners LLC increased its position in shares of Armada Hoffler Properties by 261.2% in the second quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 9,339 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Armada Hoffler Properties by 7.4% in the first quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 934 shares in the last quarter. Institutional investors and hedge funds own 66.35% 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.