ValuEngine downgraded shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a sell rating in a research report report published on Thursday morning.
A number of other analysts have also commented on AMH. Mizuho set a $23.00 price target on American Homes 4 Rent and gave the stock a buy rating in a research note on Monday, March 19th. B. Riley set a $26.00 price target on American Homes 4 Rent and gave the stock a buy rating in a research note on Friday, February 23rd. BTIG Research dropped their price target on American Homes 4 Rent from $26.00 to $23.00 and set a buy rating for the company in a research note on Monday, February 26th. Zacks Investment Research lowered American Homes 4 Rent from a hold rating to a sell rating in a research note on Tuesday, February 27th. Finally, Robert W. Baird assumed coverage on American Homes 4 Rent in a research note on Thursday, March 29th. They issued an outperform rating and a $23.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and nine have given a buy rating to the stock. American Homes 4 Rent currently has a consensus rating of Buy and a consensus price target of $24.56.
Shares of American Homes 4 Rent stock opened at $19.70 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. American Homes 4 Rent has a 52-week low of $18.39 and a 52-week high of $23.23. The company has a market capitalization of $5.83 billion, a PE ratio of 19.31, a PEG ratio of 1.29 and a beta of 0.59.
American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). American Homes 4 Rent had a return on equity of 1.56% and a net margin of 9.07%. The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $251.72 million. During the same period in the previous year, the business earned $0.26 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. analysts predict that American Homes 4 Rent will post 1.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, June 14th. American Homes 4 Rent’s dividend payout ratio is currently 19.61%.
American Homes 4 Rent declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 22nd that permits the company to buyback $300.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.
In other American Homes 4 Rent news, Director Dann V. Angeloff sold 3,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $19.67, for a total transaction of $59,010.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director B Wayne Et Al Hughes acquired 19,320 shares of the stock in a transaction on Wednesday, May 9th. The shares were purchased at an average cost of $20.70 per share, with a total value of $399,924.00. The disclosure for this purchase can be found here. Insiders have acquired 769,999 shares of company stock valued at $15,418,516 in the last three months. Insiders own 26.52% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AMH. Long Pond Capital LP purchased a new position in American Homes 4 Rent during the first quarter valued at $218,345,000. Centersquare Investment Management LLC purchased a new position in American Homes 4 Rent during the first quarter valued at $162,725,000. Ceredex Value Advisors LLC purchased a new position in American Homes 4 Rent during the first quarter valued at $82,532,000. Bank of New York Mellon Corp lifted its position in American Homes 4 Rent by 59.5% during the fourth quarter. Bank of New York Mellon Corp now owns 9,716,620 shares of the real estate investment trust’s stock valued at $212,211,000 after buying an additional 3,624,238 shares during the period. Finally, Security Capital Research & Management Inc. lifted its position in American Homes 4 Rent by 128.7% during the fourth quarter. Security Capital Research & Management Inc. now owns 4,731,445 shares of the real estate investment trust’s stock valued at $103,335,000 after buying an additional 2,662,450 shares during the period. 85.74% of the stock is owned by institutional investors and hedge funds.
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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