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 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.
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