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

| About: Armada Hoffler (AHH)

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.

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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%
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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
March 2014 44,850 0
February 2014 0 0
January 2014 0 0
December 2013 0 0
November 2013 0 0
October 2013 0 0
September 2013 39,289 0
August 2013 127,219 0
July 2013 0 0
June 2013 0 0
May 2013 34,827 0
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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
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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.

Company AHH HIW WRE Industry Average (REIT-Diversified)
Market Cap: 193.55M 3.35B 1.59B 1.04B
Employees: N/A 426 N/A 260.00
Qtrly Rev Growth (yoy): 0.03 0.21 0.03 0.00
Revenue: 140.04M 559.07M 263.02M 285.25M
Gross Margin: 0.30 0.64 0.64 0.65
EBITDA: 32.88M 280.38M 150.93M 162.38M
Operating Margin: 0.14 0.25 0.25 0.58
Net Income: 14.45M 54.58M -608.00K N/A
EPS: 0.39 1.44 0.55 0.49
P/E: 25.90 25.87 43.31 16.03
PEG (5 yr expected): N/A 3.57 15.30 2.13
P/S: 1.36 5.99 6.05 4.76
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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
HIW 0 223,661
WRE 26,000 10,478
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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.

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.