American Homes 4 Rent (NYSE:AMH) has received an average recommendation of “Buy” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $24.25.
Several equities research analysts have commented on AMH shares. Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, July 23rd. Zelman & Associates downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Mizuho set a $25.00 price objective on shares of American Homes 4 Rent and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, Wells Fargo & Co upped their price objective on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a report on Tuesday, August 28th.
In other news, EVP Stephanie G. Heim sold 24,900 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $23.00, for a total transaction of $572,700.00. Following the sale, the executive vice president now directly owns 62,676 shares in the company, valued at $1,441,548. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Douglas N. Benham purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 10th. The shares were bought at an average price of $23.73 per share, for a total transaction of $47,460.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at $189,840. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 150,000 shares of company stock worth $3,450,000. Company insiders own 26.52% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in AMH. Qube Research & Technologies Ltd bought a new stake in shares of American Homes 4 Rent during the second quarter valued at about $123,000. US Bancorp DE increased its position in shares of American Homes 4 Rent by 75.6% during the second quarter. US Bancorp DE now owns 7,041 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 3,032 shares during the period. First Hawaiian Bank bought a new stake in shares of American Homes 4 Rent during the third quarter valued at about $187,000. Tower Research Capital LLC TRC bought a new stake in shares of American Homes 4 Rent during the second quarter valued at about $209,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of American Homes 4 Rent during the second quarter valued at about $225,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.
NYSE AMH opened at $21.20 on Friday. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.44 and a beta of 0.58. American Homes 4 Rent has a 52 week low of $18.39 and a 52 week high of $23.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46.
American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.27 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The business had revenue of $264.48 million for the quarter, compared to the consensus estimate of $257.89 million. American Homes 4 Rent had a net margin of 10.20% and a return on equity of 1.76%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, analysts anticipate that American Homes 4 Rent will post 1.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, September 13th. American Homes 4 Rent’s dividend payout ratio is presently 19.61%.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.
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