American Homes 4 Rent (NYSE:AMH) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.19), Fidelity Earnings reports. The business had revenue of $298.30 million during the quarter, compared to the consensus estimate of $290.51 million. American Homes 4 Rent had a return on equity of 1.86% and a net margin of 10.02%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share.
Shares of AMH traded up $0.24 on Friday, reaching $25.71. 2,616,123 shares of the stock traded hands, compared to its average volume of 2,082,789. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 24.25, a P/E/G ratio of 2.16 and a beta of 0.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.05 and a quick ratio of 1.05. American Homes 4 Rent has a 12 month low of $18.91 and a 12 month high of $26.67. The stock’s 50-day moving average price is $25.95 and its 200-day moving average price is $24.99.
A number of analysts have recently issued reports on AMH shares. Morgan Stanley boosted their price objective on American Homes 4 Rent from $27.50 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. BTIG Research cut American Homes 4 Rent from a “buy” rating to a “neutral” rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. Goldman Sachs Group started coverage on American Homes 4 Rent in a research report on Friday. They set a “buy” rating and a $29.00 price objective on the stock. Zacks Investment Research cut American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, B. Riley set a $28.00 price objective on American Homes 4 Rent and gave the company a “buy” rating in a research report on Friday, August 16th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.88.
In other American Homes 4 Rent news, COO Jack E. Corrigan sold 75,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $25.68, for a total value of $1,926,000.00. Following the sale, the chief operating officer now directly owns 100 shares in the company, valued at $2,568. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jack E. Corrigan sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $25.70, for a total value of $2,570,000.00. Following the completion of the sale, the chief operating officer now owns 100 shares in the company, valued at $2,570. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,000 shares of company stock worth $7,060,600. 27.58% of the stock is currently owned by company insiders.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.
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