Armada Hoffler Properties Inc. [AHH] Insider Activity: An Update for Investors

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Armada Hoffler Properties Inc.’s filing revealed that its President of Construction Apperson Eric E. acquired Company’s shares for reported $14136.0 on Jul 06. In the deal valued at $11.77 per share,1,201 shares were bought. As a result of this transaction, Apperson Eric E. now holds 95,039 shares worth roughly $ 1.09 million.

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Then, KIRK A RUSSELL bought 710 shares, generating $8,465 in total proceeds. Upon buying the shares at $11.92, the Director now owns 44,114 shares.

Before that, Apperson Eric E. bought 1,145 shares. Armada Hoffler Properties Inc. shares valued at $13,558 were divested by the President of Construction at a price of $11.84 per share. As a result of the transaction, Apperson Eric E. now holds 93,838 shares, worth roughly $1.07 million.

BofA Securities downgraded its Armada Hoffler Properties Inc. [AHH] rating to an Underperform from a a Neutral in a research note published on Friday, October 25, 2021; the price target was decreased to $13.50 from $14. PT values the company’s stock at a premium of 15.19 to its Friday closing price.

Price Performance Review of AHH

On Friday, Armada Hoffler Properties Inc. [NYSE:AHH] saw its stock jump 0.53% to $11.45. On the same session, the stock had its day’s lowest price of $11.42, but rose to a high of $11.57. Over the last five days, the stock has gained 1.42%. Armada Hoffler Properties Inc. shares have fallen nearly -0.43% since the year began. Nevertheless, the stocks have fallen -11.78% over the past one year. While a 52-week high of $13.73 was reached on 02/15/23, a 52-week low of $9.98 was recorded on 03/24/23. SMA at 50 days reached $11.85, while 200 days put it at $11.93. A total of 0.16 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For AHH Stock

The 24-hour chart illustrates a support level at 11.39, which if violated will result in even more drops to 11.33. On the upside, there is a resistance level at 11.54. A further resistance level may holdings at 11.63. The Relative Strength Index (RSI) on the 14-day chart is 45.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.93%. Stochastics %K at 55.26% indicates the stock is a holding.

How much short interest is there in Armada Hoffler Properties Inc.?

A steep rise in short interest was recorded in Armada Hoffler Properties Inc. stocks on Aug 14, 2023, dropping by 14620.0 shares to a total of 0.63 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.65 million shares. There was a decline of -2.32%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.39% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.76.

Armada Hoffler Properties Inc. [AHH] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 11,015,813 shares, or roughly 16.21% of the outstanding AHH shares. In other words, the investor’s shares have risen by 10,363 from its previous 13-F filing of 11005450.0. Additionally, The Vanguard Group, Inc. decreased -1.77% of its stake after which the total value it holdings stand at $94,883,869, while SSgA Funds Management, Inc. reduced -0.07% of its stake to hold $47.43 million in the firm. Over the last quarter, Macquarie Investment Management B purchased 44,563 shares of Armada Hoffler Properties Inc., while AllianceBernstein LP bought -5,520 shares. At present, FIAM LLC is holding 1,796,246 shares valued at $22.31 million. Renaissance Technologies LLC owned 1,602,309 shares of the company at the time of its most recent 13F filing, worth $19.9 million.

According to FactSet, Armada Hoffler Properties Inc.’s share price will average $14.35 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.53 percent from its previous closing price of $11.39. Analysts expect Armada Hoffler Properties Inc. stock to reach the higher price of $17.75, while the lowest price estimate is $10.00. However, 6 analysts have rated AHH stock as an Overweight in their predictions for 2023.


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