American Homes 4 Rent (AMH) Set to Announce Quarterly Earnings on Thursday

American Homes 4 Rent (NYSE:AMH) will be announcing its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.04 per share for the quarter.

Shares of American Homes 4 Rent (NYSE:AMH) opened at $19.18 on Thursday. The firm has a market capitalization of $5,500.00, a price-to-earnings ratio of 1,918.00, a PEG ratio of 1.41 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. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.51 and a current ratio of 1.51.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes purchased 802,745 shares of the stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of $21.30 per share, for a total transaction of $17,098,468.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas N. Benham purchased 2,005 shares of the stock in a transaction on Friday, January 26th. The stock was acquired 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 purchased 1,278,300 shares of company stock valued at $27,237,993 in the last quarter. 27.82% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in American Homes 4 Rent stock. The Manufacturers Life Insurance Company grew its holdings in American Homes 4 Rent (NYSE:AMH) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,247 shares of the real estate investment trust’s stock after acquiring an additional 515 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in American Homes 4 Rent were worth $164,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 88.16% of the company’s stock.

A number of research firms recently commented on AMH. 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 report on Monday, December 4th. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a report on Thursday, December 7th. 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 report on Friday, December 15th. Citigroup began coverage on American Homes 4 Rent in a report on Friday, October 20th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, B. Riley reiterated a “buy” rating on shares of American Homes 4 Rent in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. American Homes 4 Rent has a consensus rating of “Buy” and an average price target of $25.22.

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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.

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

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