Jefferies Financial Group Downgrades Armada Hoffler Properties (NYSE:AHH) to Hold

Armada Hoffler Properties (NYSE:AHH) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Monday, Briefing.com reports. They presently have a $11.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $13.00. Jefferies Financial Group’s price target would suggest a potential downside of 6.14% from the company’s previous close.

Separately, StockNews.com raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd.

Armada Hoffler Properties Trading Up 3.2 %

NYSE AHH opened at $11.72 on Monday. Armada Hoffler Properties has a one year low of $9.81 and a one year high of $13.11. The company has a debt-to-equity ratio of 2.41, a quick ratio of 9.54 and a current ratio of 9.54. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 130.24 and a beta of 1.03. The company’s 50-day simple moving average is $11.18 and its two-hundred day simple moving average is $11.16.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Thursday, May 9th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The company had revenue of $61.88 million for the quarter, compared to analysts’ expectations of $61.55 million. Armada Hoffler Properties had a return on equity of 2.96% and a net margin of 2.76%. Equities analysts forecast that Armada Hoffler Properties will post 1.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average cost of $11.09 per share, with a total value of $49,905.00. Following the transaction, the director now directly owns 21,486 shares in the company, valued at $238,279.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Eric E. Apperson sold 40,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $11.59, for a total transaction of $463,600.00. Following the completion of the transaction, the insider now directly owns 53,867 shares in the company, valued at $624,318.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction on Wednesday, July 10th. The stock was bought at an average price of $11.09 per share, for a total transaction of $49,905.00. Following the transaction, the director now owns 21,486 shares in the company, valued at approximately $238,279.74. The disclosure for this purchase can be found here. 11.90% of the stock is owned by insiders.

Institutional Trading of Armada Hoffler Properties

Hedge funds have recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC grew its position in shares of Armada Hoffler Properties by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 346,559 shares of the real estate investment trust’s stock valued at $4,287,000 after acquiring an additional 168,426 shares during the period. First Eagle Investment Management LLC grew its stake in Armada Hoffler Properties by 8.9% in the 4th quarter. First Eagle Investment Management LLC now owns 887,431 shares of the real estate investment trust’s stock valued at $10,978,000 after acquiring an additional 72,625 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Armada Hoffler Properties by 12.8% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 80,883 shares of the real estate investment trust’s stock worth $1,001,000 after acquiring an additional 9,180 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Armada Hoffler Properties by 77.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 57,015 shares of the real estate investment trust’s stock valued at $705,000 after purchasing an additional 24,886 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Armada Hoffler Properties by 8.7% during the fourth 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 purchasing an additional 124,204 shares in the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

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.