Armada Hoffler Properties (NYSE:AHH) Rating Increased to Hold at StockNews.com

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

A number of other equities analysts have also issued reports on AHH. Jefferies Financial Group lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their target price for the stock from $13.00 to $11.00 in a research note on Monday, July 15th. Stifel Nicolaus assumed coverage on Armada Hoffler Properties in a research note on Monday, July 15th. They issued a “buy” rating and a $12.75 target price for the company.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $11.97 on Friday. Armada Hoffler Properties has a 12 month low of $9.81 and a 12 month high of $13.11. The stock has a fifty day moving average price of $11.75 and a 200-day moving average price of $11.13. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44. The firm has a market cap of $1.07 billion, a PE ratio of 133.01 and a beta of 1.04.

Insiders Place Their Bets

In related news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were bought at an average cost of $11.09 per share, with a total value of $49,905.00. Following the transaction, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Armada Hoffler Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AHH. ProShare Advisors LLC grew its position in shares of Armada Hoffler Properties by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 934 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Armada Hoffler Properties by 8.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,794 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 1,637 shares during the period. Cetera Advisors LLC grew its position in shares of Armada Hoffler Properties by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 1,872 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Armada Hoffler Properties by 11.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,150 shares of the real estate investment trust’s stock valued at $312,000 after acquiring an additional 2,818 shares during the period. Finally, Quadrant Capital Group LLC grew its position in shares of Armada Hoffler Properties by 224.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 2,853 shares during the period. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Company Profile

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.