American Homes 4 Rent (NYSE:AMH) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $25.13.
A number of research firms recently issued reports on AMH. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BidaskClub cut American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, July 31st. TheStreet raised American Homes 4 Rent from a “c” rating to a “b” rating in a report on Friday, August 4th. B. Riley set a $26.00 price target on American Homes 4 Rent and gave the company a “buy” rating in a report on Tuesday. Finally, FBR & Co reaffirmed a “buy” rating and issued a $26.00 price target on shares of American Homes 4 Rent in a report on Friday, September 29th.
American Homes 4 Rent (NYSE AMH) traded down $0.27 on Friday, reaching $21.85. 1,919,000 shares of the company’s stock were exchanged, compared to its average volume of 2,026,038. American Homes 4 Rent has a 1 year low of $19.62 and a 1 year high of $23.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $6,342.65, a P/E ratio of 21.48, a P/E/G ratio of 1.90 and a beta of 0.69.
American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The company had revenue of $246.80 million for the quarter, compared to the consensus estimate of $247.96 million. During the same quarter in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. analysts forecast that American Homes 4 Rent will post 1.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, January 2nd will be paid a $0.05 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.92%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -2,000.00%.
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In other American Homes 4 Rent news, Director B Wayne Et Al Hughes acquired 101,678 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average cost of $21.87 per share, for a total transaction of $2,223,697.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 1,766,855 shares of company stock valued at $38,597,023. 27.82% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in American Homes 4 Rent by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 35,287,763 shares of the real estate investment trust’s stock worth $796,445,000 after acquiring an additional 153,921 shares during the last quarter. FMR LLC boosted its position in American Homes 4 Rent by 35.0% during the 2nd quarter. FMR LLC now owns 18,292,853 shares of the real estate investment trust’s stock worth $412,870,000 after acquiring an additional 4,747,436 shares during the last quarter. BlackRock Inc. boosted its position in American Homes 4 Rent by 16.8% during the 2nd quarter. BlackRock Inc. now owns 15,261,883 shares of the real estate investment trust’s stock worth $344,461,000 after acquiring an additional 2,189,671 shares during the last quarter. Brookfield Asset Management Inc. boosted its position in American Homes 4 Rent by 29.6% during the 2nd quarter. Brookfield Asset Management Inc. now owns 7,889,445 shares of the real estate investment trust’s stock worth $178,065,000 after acquiring an additional 1,801,569 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in American Homes 4 Rent by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,950,092 shares of the real estate investment trust’s stock worth $150,887,000 after acquiring an additional 298,900 shares during the last quarter. 94.29% of the stock is owned by hedge funds and other institutional investors.
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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