Armada Hoffler Properties (NYSE:AHH) develops and manages office, retail and multifamily properties in Mid-Atlantic United States.
Insider buying during the last 30 days
Here is a table of Armada Hoffler's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Russell Kirk||Director||March 7||9,850||42,836 shares||+29.9%|
|Daniel Hoffler||Director||March 7||10,000||91,848 shares||+12.2%|
|Louis Haddad||CEO||March 3||25,000||75,000 shares||+50.0%|
There have been 44,850 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Armada Hoffler's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 246,185 shares purchased, and there have been zero shares sold by insiders since May 2013. Armada Hoffler had its IPO in May 2013.
Armada Hoffler reported the full-year 2013 financial results on February 20 with the following highlights:
|Net income||$14.5 million|
The three insiders purchased their shares after these results.
|Company||AHH||HIW||WRE||Industry Average (REIT-Diversified)|
|Qtrly Rev Growth (yoy):||0.03||0.21||0.03||0.00|
|PEG (5 yr expected):||N/A||3.57||15.30||2.13|
Armada Hoffler has the lowest P/S ratio among these three companies.
Here is a table of these competitors' insider activities during the last 12 months.
|Company||Insider buying / shares||Insider selling / shares|
Only Armada Hoffler has seen intensive insider buying during the last 30 days.
There have been three different insiders buying Armada Hoffler, and there have not been any insiders selling Armada Hoffler during the last 30 days. All three of these insiders increased their holdings by more than 10%. Armada Hoffler has an insider ownership of 0.60%.
The three insiders purchased their shares at prices ranging from $9.94 to $10.24. I believe Armada Hoffler could be a good pick below $10 based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AHH over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.