American Homes 4 Rent (AMH) Given Average Rating of “Hold” by Brokerages
American Homes 4 Rent (NYSE:AMH) has been given an average recommendation of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $25.00.
AMH has been the subject of a number of research analyst reports. BTIG Research initiated coverage on American Homes 4 Rent in a report on Monday, October 9th. They issued a “buy” rating and a $26.00 price target for the company. TheStreet upgraded American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. FBR & Co restated a “buy” rating and set a $26.00 target price on shares of American Homes 4 Rent in a research report on Friday, September 29th. Citigroup Inc. began coverage on American Homes 4 Rent in a research report on Friday, October 20th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Zacks Investment Research lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Monday, July 31st.
American Homes 4 Rent (NYSE AMH) traded up $0.23 during trading on Friday, hitting $22.13. The company had a trading volume of 2,291,800 shares, compared to its average volume of 1,993,772. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 0.68. American Homes 4 Rent has a fifty-two week low of $19.62 and a fifty-two week high of $23.98. The company has a market capitalization of $6,345.51, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.69.
American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The business had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $247.96 million. During the same period in the previous year, the business posted $0.24 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities analysts predict that American Homes 4 Rent will post 1.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, December 29th. American Homes 4 Rent’s payout ratio is -2,000.00%.
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In other news, Director B Wayne Et Al Hughes bought 292,977 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $21.86 per share, for a total transaction of $6,404,477.22. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired a total of 1,766,855 shares of company stock worth $38,597,023 in the last 90 days. Company insiders own 27.82% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in American Homes 4 Rent by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 35,287,763 shares of the real estate investment trust’s stock valued at $796,445,000 after acquiring an additional 153,921 shares in the last quarter. FMR LLC lifted its stake in American Homes 4 Rent by 35.0% in the 2nd quarter. FMR LLC now owns 18,292,853 shares of the real estate investment trust’s stock valued at $412,870,000 after acquiring an additional 4,747,436 shares in the last quarter. BlackRock Inc. lifted its stake in American Homes 4 Rent by 16.8% in the 2nd quarter. BlackRock Inc. now owns 15,261,883 shares of the real estate investment trust’s stock valued at $344,461,000 after acquiring an additional 2,189,671 shares in the last quarter. Brookfield Asset Management Inc. lifted its stake in American Homes 4 Rent by 29.6% in the 2nd quarter. Brookfield Asset Management Inc. now owns 7,889,445 shares of the real estate investment trust’s stock valued at $178,065,000 after acquiring an additional 1,801,569 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of American Homes 4 Rent by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,950,092 shares of the real estate investment trust’s stock worth $150,887,000 after purchasing an additional 298,900 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.
American Homes 4 Rent Company Profile
American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.
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