Insider Selling: Armada Hoffler Properties, Inc. (NYSE:AHH) Insider Sells 40,000 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) insider Eric E. Apperson sold 40,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $11.59, for a total transaction of $463,600.00. Following the transaction, the insider now owns 53,867 shares in the company, valued at $624,318.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Armada Hoffler Properties Trading Up 0.2 %

NYSE AHH opened at $11.49 on Thursday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 127.67 and a beta of 0.97. The business’s fifty day moving average is $10.70 and its 200-day moving average is $11.26. The company has a debt-to-equity ratio of 2.41, a current ratio of 9.54 and a quick ratio of 9.54. Armada Hoffler Properties, Inc. has a one year low of $9.81 and a one year high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.59). Armada Hoffler Properties had a return on equity of 2.96% and a net margin of 2.76%. 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 EPS. The business’s revenue was up 23.1% on a year-over-year basis. Equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Armada Hoffler Properties to a “sell” rating in a research note on Saturday, May 4th.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Armada Hoffler Properties by 0.8% in the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after buying an additional 65,300 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Armada Hoffler Properties by 8.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,551,562 shares of the real estate investment trust’s stock worth $19,193,000 after acquiring an additional 124,204 shares during the period. Invesco Ltd. increased its holdings in Armada Hoffler Properties by 11.8% in the 3rd quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock worth $11,663,000 after acquiring an additional 120,132 shares during the last quarter. Mesirow Institutional Investment Management Inc. raised its stake in Armada Hoffler Properties by 14.2% in the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust’s stock valued at $10,912,000 after acquiring an additional 130,497 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in Armada Hoffler Properties by 9.4% during the first quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock valued at $10,098,000 after purchasing an additional 83,500 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

About Armada Hoffler Properties

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.