Wells Fargo & Co reiterated their hold rating on shares of American Homes 4 Rent (NYSE:AMH) in a research report released on Thursday.
Several other equities research analysts have also issued reports on AMH. Zacks Investment Research lowered shares of American Homes 4 Rent from a hold rating to a sell rating in a report on Thursday, November 29th. ValuEngine lowered shares of American Homes 4 Rent from a buy rating to a hold rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $23.71.
AMH stock traded down $0.07 during trading on Thursday, hitting $22.65. 19,739 shares of the company’s stock traded hands, compared to its average volume of 2,170,932. The firm has a market capitalization of $6.67 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.47. American Homes 4 Rent has a 52 week low of $18.91 and a 52 week high of $23.34.
American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, February 21st. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.22). The firm had revenue of $270.00 million during the quarter, compared to the consensus estimate of $269.98 million. American Homes 4 Rent had a return on equity of 1.83% and a net margin of 10.09%. American Homes 4 Rent’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. As a group, analysts anticipate that American Homes 4 Rent will post 1.13 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 18.87%.
In related news, Director Douglas N. Benham purchased 3,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, December 20th. The shares were bought at an average price of $21.00 per share, with a total value of $63,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jack E. Corrigan sold 265,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $22.53, for a total transaction of $5,970,450.00. Following the completion of the transaction, the chief operating officer now directly owns 100 shares in the company, valued at approximately $2,253. The disclosure for this sale can be found here. Insiders sold a total of 445,005 shares of company stock worth $9,953,157 in the last ninety days. 26.52% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of AMH. Vanguard Group Inc increased its position in American Homes 4 Rent by 3.4% during the 3rd quarter. Vanguard Group Inc now owns 37,392,589 shares of the real estate investment trust’s stock valued at $818,524,000 after purchasing an additional 1,212,586 shares during the period. BlackRock Inc. increased its position in American Homes 4 Rent by 1.8% during the 3rd quarter. BlackRock Inc. now owns 19,553,235 shares of the real estate investment trust’s stock valued at $428,020,000 after purchasing an additional 340,190 shares during the period. Macquarie Group Ltd. increased its position in American Homes 4 Rent by 17.3% during the 3rd quarter. Macquarie Group Ltd. now owns 373,555 shares of the real estate investment trust’s stock valued at $8,177,000 after purchasing an additional 55,100 shares during the period. Vanguard Group Inc. increased its position in American Homes 4 Rent by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 37,392,589 shares of the real estate investment trust’s stock valued at $818,524,000 after purchasing an additional 1,212,586 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in American Homes 4 Rent by 56.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 48,400 shares of the real estate investment trust’s stock valued at $961,000 after purchasing an additional 17,400 shares during the period. 86.07% of the stock is currently owned by institutional investors.
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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