Wall Street analysts expect that American Homes 4 Rent (NYSE:AMH) will announce sales of $244.91 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Homes 4 Rent’s earnings. The lowest sales estimate is $244.00 million and the highest is $245.82 million. American Homes 4 Rent reported sales of $227.56 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The business is scheduled to report its next earnings report after the market closes on Thursday, February 22nd.
On average, analysts expect that American Homes 4 Rent will report full year sales of $244.91 million for the current fiscal year, with estimates ranging from $956.40 million to $963.42 million. For the next financial year, analysts forecast that the firm will report sales of $1.07 billion per share, with estimates ranging from $1.01 billion to $1.10 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for American Homes 4 Rent.
AMH has been the topic of a number of recent analyst reports. B. Riley set a $26.00 price target on shares of American Homes 4 Rent and gave the company a “buy” rating in a research report on Tuesday, November 14th. Citigroup initiated coverage on shares of American Homes 4 Rent in a research report on Friday, October 20th. They set a “buy” rating and a $25.00 price target on the stock. TheStreet lowered shares of American Homes 4 Rent from a “b-” rating to a “c+” rating in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a report on Thursday, December 7th. Finally, Evercore ISI upgraded shares of 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 report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued 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.
In related news, Director B Wayne Et Al Hughes acquired 802,745 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of $21.30 per share, for a total transaction of $17,098,468.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas N. Benham acquired 2,005 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were bought 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. Insiders have purchased 1,278,300 shares of company stock valued at $27,237,993 in the last 90 days. 27.82% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AMH. American International Group Inc. purchased a new stake in American Homes 4 Rent during the fourth quarter worth about $109,000. PNC Financial Services Group Inc. increased its stake in shares of American Homes 4 Rent by 5.1% in the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 278 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of American Homes 4 Rent by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 515 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of American Homes 4 Rent in the third quarter worth about $202,000. Finally, Magnetar Financial LLC purchased a new position in shares of American Homes 4 Rent in the third quarter worth about $228,000. Institutional investors and hedge funds own 88.16% of the company’s stock.
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About American Homes 4 Rent
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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