Q2 2018 Earnings Estimate for American Homes 4 Rent (AMH) Issued By B. Riley

American Homes 4 Rent (NYSE:AMH) – B. Riley reduced their Q2 2018 earnings per share estimates for shares of American Homes 4 Rent in a note issued to investors on Thursday. B. Riley analyst D. Corak now anticipates that the real estate investment trust will earn $0.28 per share for the quarter, down from their prior estimate of $0.29. B. Riley has a “Buy” rating and a $26.00 price target on the stock. B. Riley also issued estimates for American Homes 4 Rent’s FY2018 earnings at $1.15 EPS and Q1 2019 earnings at $0.31 EPS.

AMH has been the subject of a number of other reports. BTIG Research initiated coverage on American Homes 4 Rent in a research note on Monday, October 9th. They issued a “buy” rating and a $26.00 price objective for the company. Citigroup initiated coverage on American Homes 4 Rent in a research note on Friday, October 20th. They issued a “buy” rating and a $25.00 price objective for the company. TheStreet cut American Homes 4 Rent from a “b-” rating to a “c+” rating in a research note on Wednesday, January 10th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price objective for the company in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. upgraded American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 target price for the company in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. American Homes 4 Rent currently has a consensus rating of “Buy” and an average target price of $25.22.

Shares of American Homes 4 Rent (NYSE AMH) traded down $0.27 during midday trading on Friday, hitting $20.16. The stock had a trading volume of 403,509 shares, compared to its average volume of 2,084,853. American Homes 4 Rent has a twelve month low of $20.00 and a twelve month high of $23.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $5,961.28 and a PE ratio of -2,016.01.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share 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 firm posted $0.24 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMH. PNC Financial Services Group Inc. lifted its holdings in American Homes 4 Rent by 5.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 278 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in American Homes 4 Rent by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 515 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in American Homes 4 Rent during the 3rd quarter worth about $202,000. Magnetar Financial LLC purchased a new stake in American Homes 4 Rent during the 3rd quarter worth about $228,000. Finally, Profund Advisors LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter worth about $262,000. 88.23% of the stock is owned by institutional investors.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes purchased 4,550 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was bought at an average cost of $22.00 per share, with a total value of $100,100.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Douglas N. Benham purchased 2,005 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were acquired at an average cost of $24.80 per share, with a total value of $49,724.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,672,955 shares of company stock valued at $35,866,168. 27.82% of the stock is currently owned by company insiders.

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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.

Earnings History and Estimates for American Homes 4 Rent (NYSE:AMH)

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