American Homes 4 Rent (NYSE:AMH) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.22), Yahoo Finance reports. The company had revenue of $280.10 million for the quarter, compared to analysts’ expectations of $270.24 million. American Homes 4 Rent had a net margin of 10.20% and a return on equity of 1.76%. American Homes 4 Rent’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share.
NYSE AMH traded down $1.04 on Friday, reaching $19.93. 448,490 shares of the company’s stock traded hands, compared to its average volume of 2,247,193. The company has a market capitalization of $6.28 billion, a PE ratio of 19.55, a P/E/G ratio of 1.46 and a beta of 0.58. American Homes 4 Rent has a fifty-two week low of $18.39 and a fifty-two week high of $23.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.85.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Mizuho set a $25.00 price objective on shares of American Homes 4 Rent and gave the company a “buy” rating in a report on Friday, August 3rd. Wells Fargo & Co boosted their price objective on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a report on Tuesday, August 28th. Finally, Zelman & Associates downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $24.25.
In other American Homes 4 Rent news, Director Douglas N. Benham bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The stock was bought at an average cost of $23.73 per share, for a total transaction of $47,460.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $189,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tamara Hughes Gustavson bought 217,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were acquired at an average price of $22.93 per share, with a total value of $4,975,810.00. The disclosure for this purchase can be found here. Insiders have sold 150,000 shares of company stock valued at $3,450,000 over the last 90 days. 27.82% of the stock is currently owned by insiders.
About American Homes 4 Rent
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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