American Homes 4 Rent (NYSE:AMH – Get Rating) COO Bryan Smith sold 5,519 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $35.67, for a total transaction of $196,862.73. Following the sale, the chief operating officer now directly owns 81,287 shares in the company, valued at approximately $2,899,507.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
American Homes 4 Rent Stock Up 0.1 %
Shares of NYSE:AMH traded up $0.05 during mid-day trading on Friday, reaching $35.68. 4,186,541 shares of the stock were exchanged, compared to its average volume of 2,613,913. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.63. The company has a market cap of $12.43 billion, a P/E ratio of 62.51, a P/E/G ratio of 3.30 and a beta of 0.60. American Homes 4 Rent has a one year low of $32.60 and a one year high of $44.07. The stock’s 50 day simple moving average is $36.64 and its 200-day simple moving average is $37.55.
American Homes 4 Rent (NYSE:AMH – Get Rating) last issued its earnings results on Thursday, August 4th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.22). American Homes 4 Rent had a return on equity of 3.46% and a net margin of 15.67%. The business had revenue of $361.90 million for the quarter, compared to the consensus estimate of $362.35 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts predict that American Homes 4 Rent will post 1.56 EPS for the current year.
American Homes 4 Rent Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.02%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 126.32%.
Hedge Funds Weigh In On American Homes 4 Rent
A number of institutional investors have recently modified their holdings of the business. UMB Bank N A MO bought a new stake in American Homes 4 Rent during the 1st quarter worth $27,000. Ellevest Inc. grew its position in American Homes 4 Rent by 86.2% during the 2nd quarter. Ellevest Inc. now owns 728 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 337 shares during the last quarter. Arlington Partners LLC bought a new stake in American Homes 4 Rent during the 2nd quarter worth $27,000. Allworth Financial LP bought a new stake in American Homes 4 Rent during the 1st quarter worth $32,000. Finally, Charter Oak Capital Management LLC bought a new stake in American Homes 4 Rent during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 88.49% of the company’s stock.
Analyst Upgrades and Downgrades
AMH has been the topic of several recent research reports. Oppenheimer initiated coverage on shares of American Homes 4 Rent in a research note on Monday, July 18th. They issued a “market perform” rating and a $35.00 price objective on the stock. Evercore ISI upped their price objective on shares of American Homes 4 Rent to $39.00 in a research note on Monday, August 15th. Raymond James reissued a “strong-buy” rating and set a $45.00 target price (down previously from $48.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. Jefferies Financial Group lowered their price objective on shares of American Homes 4 Rent from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Finally, Capital One Financial assumed coverage on American Homes 4 Rent in a research note on Friday, July 8th. They set an “overweight” rating and a $43.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.14.
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, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
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