Louis S. Haddad Acquires 15,000 Shares of Armada Hoffler Properties Inc (AHH) Stock
Armada Hoffler Properties Inc (NYSE:AHH) CEO Louis S. Haddad bought 15,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of $13.17 per share, with a total value of $197,550.00. Following the completion of the purchase, the chief executive officer now owns 282,221 shares in the company, valued at approximately $3,716,850.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Armada Hoffler Properties Inc (NYSE AHH) opened at $13.13 on Tuesday. Armada Hoffler Properties Inc has a one year low of $12.65 and a one year high of $16.00. The company has a debt-to-equity ratio of 1.23, a quick ratio of 10.44 and a current ratio of 9.59. The company has a market cap of $820.72, a PE ratio of 27.94, a PEG ratio of 3.75 and a beta of 0.47.
Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.15). Armada Hoffler Properties had a return on equity of 6.23% and a net margin of 8.42%. The business had revenue of $27.65 million for the quarter, compared to analyst estimates of $27.44 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. research analysts anticipate that Armada Hoffler Properties Inc will post 1.03 earnings per share for the current year.
AHH has been the subject of a number of research analyst reports. TheStreet raised shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. B. Riley reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a research note on Thursday, November 2nd. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Armada Hoffler Properties in a research note on Monday, January 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $15.20.
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Armada Hoffler Properties Company Profile
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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