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Summary

  • Three insiders purchased Armada Hoffler stock within one month.
  • The stock was sold by no insiders in the month of intensive purchasing.
  • All three of these insiders increased their holdings by more than 10%.

Armada Hoffler Properties (NYSE:AHH) develops and manages office, retail and multifamily properties in Mid-Atlantic United States.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of Armada Hoffler's insider activity during the last 30 days.

NameTitleTrade DateShares PurchasedCurrent OwnershipIncrease In Shares
Russell KirkDirectorMarch 79,85042,836 shares+29.9%
Daniel HofflerDirectorMarch 710,00091,848 shares+12.2%
Louis HaddadCEOMarch 325,00075,000 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.

MonthInsider buying / sharesInsider selling / shares
March 201444,8500
February 201400
January 201400
December 201300
November 201300
October 201300
September 201339,2890
August 2013127,2190
July 201300
June 201300
May 201334,8270

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.

Financials

Armada Hoffler reported the full-year 2013 financial results on February 20 with the following highlights:

Revenue$140.0 million
Net income$14.5 million
Cash$18.9 million
Debt$277.7 million

The three insiders purchased their shares after these results.

Competition

Armada Hoffler's competitors include Highwoods Properties (NYSE:HIW), and Washington Real Estate Investment Trust (NYSE:WRE). Here is a table comparing these companies.

CompanyAHHHIWWREIndustry Average (REIT-Diversified)
Market Cap:193.55M3.35B1.59B1.04B
Employees:N/A426N/A260.00
Qtrly Rev Growth (yoy):0.030.210.030.00
Revenue:140.04M559.07M263.02M285.25M
Gross Margin:0.300.640.640.65
EBITDA:32.88M280.38M150.93M162.38M
Operating Margin:0.140.250.250.58
Net Income:14.45M54.58M-608.00KN/A
EPS:0.391.440.550.49
P/E:25.9025.8743.3116.03
PEG (5 yr expected):N/A3.5715.302.13
P/S:1.365.996.054.76

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.

CompanyInsider buying / sharesInsider selling / shares
HIW0223,661
WRE26,00010,478

Only Armada Hoffler has seen intensive insider buying during the last 30 days.

Conclusion

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.

Source: Armada Hoffler Properties: 3 Different Insiders Have Purchased Shares This Month