StockNews.com cut shares American Homes 4 Rent (NYSE:AMH – Earn Ratings) from a hold rating to a sell rating in a report on Tuesday.
Several other analysts have also recently weighed in on the stock. Raymond James reaffirmed a strong-buy rating and issued a $45.00 target price (down previously from $48.00) on American Homes 4 Rent in a research note on Thursday, June 23rd. Capital One Financial began coverage on shares of American Homes 4 Rent in a research note on Friday, July 8th. They set an overweight rating and a $43.00 target price on the stock. Jefferies Financial Group decreased their target price on shares of American Homes 4 Rentals from $44.00 to $41.00 and set a buy rating on the stock in a research note on Thursday, June 30th. Oppenheimer initiated coverage on American Homes 4 Rent in a research note on Monday, July 18th. They set a market perform rating and a $35.00 target price on the stock. Finally, B. Riley dropped their price objective on shares of American Homes 4 Rentals from $47.00 to $43.00 in a research note on Wednesday, May 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy, and a consensus price target of $42.50, according to data from MarketBeat.com.
America’s Homes 4 Rental Inventory Performance
Shares of NYSE:AMH opened at $37.20 on Tuesday. The company’s 50-day Simple Moving Average is $35.85, and its 200-day Simple Moving Average is $37.86. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of 65.26, a price-to-earnings-growth ratio of 3.04 and a beta of 0.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64, and a quick ratio of 0.64. American Homes 4 Rent has a 1 year low of $32.60 and a 1 year high of $44.07.
American Homes 4 Rent (NYSE:AMH – Get Rating ) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.22). The company had revenue of $361.90 million for the quarter, compared to the consensus estimate of $362.35 million. American Homes 4 Rentals had a net margin of 15.67% and a return on equity of 3.48%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business earned $0.33 per share. As a group, research analysts predict that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.
American homes announced that 4 rents have been distributed
The company declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid $0.18 per share. This represents a dividend of $0.72 per year and a dividend yield of 1.94%. The ex-date of this dividend is Wednesday, September 14. America’s Homes 4’s rental payout ratio is currently 126.32%.
Insider activity in American homes 4 rentals
In other American Homes 4 Rent News, Director Tamara Hughes Gustavson purchased 200,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The shares were purchased at an average price of $35.71 per share, for a total transaction of $7,142,000.00. Following the purchase, the director now owns 8,830,956 shares of the company’s stock, valued at approximately $315,353,438.76. The purchase was disclosed in a statutory filing with the Securities and Exchange Commission via the SEC website. Over the past ninety days, insiders have acquired 200,706 shares of company stock worth $7,161,700. 6.03% of shares are owned by corporate insiders.
American housing institutional business 4 rental
A number of institutional investors have recently modified their holdings. Ellevest Inc. increased its holdings in shares of American Homes 4 Rent by 86.2% during the 2nd quarter. Ellevest Inc. after buying an additional 337 shares during the last quarter. Now owns 728 shares of the real estate investment trust’s stock valued at $26,000. Oppenheimer Asset Management Inc. increased its holdings in shares of American Homes 4 Rent by 0.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 114,931 shares of the real estate investment trust’s stock worth $4,601,000 after buying an additional 358 shares in the last quarter. Family Management Corp grew its holdings in shares of American Homes 4 Rentals by 0.7% in the 1st quarter. Family Management Corp now owns 54,815 shares of the real estate investment trust’s stock valued at $2,194,000 after buying an additional 363 shares in the last quarter. Hotelling Investment Management LLC grew its holdings in shares of American Homes 4 Rentals by 6.5% in the 1st quarter. Hotelling Investment Management LLC now owns 6,349 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 389 shares during the last quarter. Finally, McKenna Capital Management LLC grew its holdings in shares of American Homes 4 Rent by 0.3% in the 4th quarter. McKenna Capital Management LLC now owns 177,345 shares of the real estate investment trust’s stock valued at $7,734,000 after buying an additional 457 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.
4 rent about American homes
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family rental industry and “American Homes 4 Rent” is becoming a nationally recognized brand for rental homes known for high quality, great value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing and operating attractive single-family homes as rental properties.
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