American Homes 4 Rent (NYSE:AMH) announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25, Bloomberg Earnings reports. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The company had revenue of $246.80 million during the quarter, compared to the consensus estimate of $247.96 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year.
Shares of American Homes 4 Rent (AMH) opened at $22.13 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 0.68. American Homes 4 Rent has a one year low of $19.62 and a one year high of $23.98. The firm has a market cap of $6,345.51, a PE ratio of 21.49, a P/E/G ratio of 1.89 and a beta of 0.69.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Friday, December 29th. American Homes 4 Rent’s dividend payout ratio (DPR) is -2,000.00%.
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AMH has been the topic of several recent analyst reports. BTIG Research initiated coverage on shares of American Homes 4 Rent in a research note on Monday, October 9th. They set a “buy” rating and a $26.00 target price on the stock. TheStreet raised shares of American Homes 4 Rent from a “c” rating to a “b” rating in a research note on Friday, August 4th. FBR & Co reaffirmed a “buy” rating and issued a $26.00 price target on shares of American Homes 4 Rent in a research note on Friday, September 29th. Citigroup Inc. assumed coverage on shares of American Homes 4 Rent in a research note on Friday, October 20th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.
In related news, Director B Wayne Et Al Hughes bought 292,977 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $21.86 per share, for a total transaction of $6,404,477.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders purchased 1,766,855 shares of company stock valued at $38,597,023. 27.82% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in American Homes 4 Rent stock. The Manufacturers Life Insurance Company boosted its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,247 shares of the real estate investment trust’s stock after purchasing an additional 515 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in American Homes 4 Rent were worth $164,000 as of its most recent SEC filing. 93.13% of the stock is currently 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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