Analysts Expect American Homes 4 Rent (AMH) Will Announce Earnings of $0.26 Per Share

Equities analysts expect American Homes 4 Rent (NYSE:AMH) to report earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for American Homes 4 Rent’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.26. American Homes 4 Rent also reported earnings of $0.26 per share during the same quarter last year. The business is scheduled to issue its next quarterly earnings results after the market closes on Thursday, February 22nd.

According to Zacks, analysts expect that American Homes 4 Rent will report full-year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.03. For the next year, analysts anticipate that the company will report earnings of $1.17 per share, with EPS estimates ranging from $1.13 to $1.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow American Homes 4 Rent.

Several research analysts recently weighed in on the company. B. Riley reiterated a “buy” rating on shares of American Homes 4 Rent in a research report on Wednesday, November 1st. JPMorgan Chase & Co. upgraded American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Friday, December 15th. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. Evercore ISI upgraded 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 report on Monday, December 4th. Finally, TheStreet lowered American Homes 4 Rent from a “b-” rating to a “c+” rating in a research report on Wednesday, January 10th. One equities 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’s stock. The company has an average rating of “Buy” and an average target price of $25.22.

In other news, Director B Wayne Et Al Hughes purchased 802,745 shares of the stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of $21.30 per share, for a total transaction of $17,098,468.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas N. Benham purchased 2,005 shares of the stock in a transaction dated Friday, January 26th. The shares were purchased at an average price 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 90 days, insiders have bought 1,278,300 shares of company stock valued at $27,237,993. Company insiders own 27.82% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC boosted its position in shares of American Homes 4 Rent by 26.5% during the second quarter. Voya Investment Management LLC now owns 63,431 shares of the real estate investment trust’s stock worth $1,432,000 after buying an additional 13,297 shares during the period. Prudential Financial Inc. boosted its position in shares of American Homes 4 Rent by 7,735.8% during the third quarter. Prudential Financial Inc. now owns 1,659,629 shares of the real estate investment trust’s stock worth $36,031,000 after buying an additional 1,638,449 shares during the period. RMR Advisors LLC purchased a new position in shares of American Homes 4 Rent during the fourth quarter worth $352,000. California State Teachers Retirement System boosted its position in shares of American Homes 4 Rent by 22.4% during the second quarter. California State Teachers Retirement System now owns 417,538 shares of the real estate investment trust’s stock worth $9,424,000 after buying an additional 76,450 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of American Homes 4 Rent by 48.4% during the third quarter. Wells Fargo & Company MN now owns 372,008 shares of the real estate investment trust’s stock worth $8,077,000 after buying an additional 121,326 shares during the period. Institutional investors and hedge funds own 88.34% of the company’s stock.

Shares of American Homes 4 Rent (NYSE AMH) opened at $18.86 on Friday. 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 stock has a market capitalization of $5,410.00, a P/E ratio of 1,886.00, a PEG 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 $23.98.

COPYRIGHT VIOLATION WARNING: This story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/02/10/analysts-expect-american-homes-4-rent-amh-will-announce-earnings-of-0-26-per-share.html.

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.

Get a free copy of the Zacks research report on American Homes 4 Rent (AMH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply