Media stories about American Homes 4 Rent (NYSE:AMH) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. American Homes 4 Rent earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.846039791405 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of American Homes 4 Rent (NYSE:AMH) traded down $0.08 during midday trading on Friday, reaching $20.46. The company’s stock had a trading volume of 2,450,000 shares, compared to its average volume of 1,597,132. American Homes 4 Rent has a 52 week low of $20.29 and a 52 week high of $23.98. The company has a market cap of $5,866.66, a P/E ratio of 19.86, a P/E/G ratio of 1.51 and a beta of 0.68. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40.
American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $246.80 million for the quarter, compared to analyst estimates of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. American Homes 4 Rent’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 EPS. sell-side analysts expect that American Homes 4 Rent will post 1.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Tuesday, January 2nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, December 29th. American Homes 4 Rent’s dividend payout ratio is -2,000.00%.
A number of brokerages recently weighed in on AMH. Citigroup began coverage on American Homes 4 Rent in a research note on Friday, October 20th. They issued a “buy” rating and a $25.00 price objective on the stock. JPMorgan Chase & Co. raised American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 price objective on the stock in a research note on Friday, December 15th. Keefe, Bruyette & Woods raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 7th. BTIG Research began coverage on American Homes 4 Rent in a research note on Monday, October 9th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price objective on the stock in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $25.22.
In related news, Director B Wayne Et Al Hughes purchased 292,977 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $21.86 per share, with a total value of $6,404,477.22. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders purchased 1,670,950 shares of company stock worth $35,816,444. 27.82% of the stock is owned by insiders.
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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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