American Homes 4 Rent (NYSE:AMH)‘s stock had its “buy” rating reissued by investment analysts at FBR & Co in a research note issued to investors on Thursday.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Mizuho started coverage on American Homes 4 Rent in a research report on Wednesday, February 8th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, Credit Suisse Group AG started coverage on American Homes 4 Rent in a report on Monday, February 27th. They set a “neutral” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.71.
Shares of American Homes 4 Rent (NYSE:AMH) traded down 0.365% during midday trading on Thursday, hitting $23.225. The stock had a trading volume of 1,618,312 shares. The stock’s market cap is $5.66 billion. The firm’s 50-day moving average price is $23.14 and its 200-day moving average price is $21.65. American Homes 4 Rent has a 1-year low of $15.54 and a 1-year high of $23.98.
American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. American Homes 4 Rent had a negative return on equity of 0.45% and a negative net margin of 2.47%. The firm earned $227.60 million during the quarter, compared to analyst estimates of $230.19 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue was up 31.9% compared to the same quarter last year. Analysts forecast that American Homes 4 Rent will post $0.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.86%. American Homes 4 Rent’s dividend payout ratio is presently -80.00%.
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In other news, Director B Wayne Et Al Hughes bought 485,232 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were bought at an average cost of $23.39 per share, for a total transaction of $11,349,576.48. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 23.31% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in AMH. Monashee Investment Management LLC bought a new position in American Homes 4 Rent during the third quarter worth approximately $15,689,000. State of Alaska Department of Revenue boosted its stake in American Homes 4 Rent by 16.0% in the third quarter. State of Alaska Department of Revenue now owns 85,970 shares of the company’s stock valued at $1,860,000 after buying an additional 11,860 shares during the period. Ellington Management Group LLC purchased a new stake in American Homes 4 Rent during the fourth quarter valued at approximately $579,000. Nomura Asset Management Co. Ltd. boosted its stake in American Homes 4 Rent by 22.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 133,950 shares of the company’s stock valued at $2,899,000 after buying an additional 24,870 shares during the period. Finally, Janus Capital Management LLC boosted its stake in American Homes 4 Rent by 259.4% in the fourth quarter. Janus Capital Management LLC now owns 207,000 shares of the company’s stock valued at $4,343,000 after buying an additional 149,400 shares during the period. 97.20% of the stock is currently owned by 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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