American Homes 4 Rent (NYSE:AMH) Reaches New 12-Month High at $26.77

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American Homes 4 Rent (NYSE:AMH) hit a new 52-week high on Monday . The stock traded as high as $26.77 and last traded at $26.66, with a volume of 122572 shares trading hands. The stock had previously closed at $26.51.

Several brokerages have recently weighed in on AMH. BTIG Research cut American Homes 4 Rent from a “buy” rating to a “neutral” rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Wednesday, November 13th. Goldman Sachs Group began coverage on American Homes 4 Rent in a research report on Friday, November 8th. They issued a “buy” rating and a $29.00 price target for the company. Raymond James lifted their price target on American Homes 4 Rent from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, ValuEngine cut American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $27.33.

The company has a market capitalization of $7.91 billion, a PE ratio of 25.15, a PEG ratio of 2.21 and a beta of 0.60. The company has a quick ratio of 1.05, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $26.02 and a two-hundred day moving average price of $25.06.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, November 7th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.19). American Homes 4 Rent had a return on equity of 2.03% and a net margin of 10.74%. The business had revenue of $298.30 million for the quarter, compared to analysts’ expectations of $290.51 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. American Homes 4 Rent’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Thursday, January 2nd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, December 31st. American Homes 4 Rent’s payout ratio is 18.87%.

In related news, COO Jack E. Corrigan sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $25.55, for a total transaction of $511,000.00. Following the completion of the transaction, the chief operating officer now directly owns 100 shares in the company, valued at $2,555. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Jack E. Corrigan sold 100,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $25.70, for a total value of $2,570,000.00. Following the transaction, the chief operating officer now owns 100 shares of the company’s stock, valued at $2,570. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,000 shares of company stock valued at $7,060,600. 27.58% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Great Lakes Advisors LLC grew its position in American Homes 4 Rent by 4.8% during the third quarter. Great Lakes Advisors LLC now owns 346,461 shares of the real estate investment trust’s stock worth $8,970,000 after buying an additional 15,994 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in American Homes 4 Rent by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,804,175 shares of the real estate investment trust’s stock worth $98,490,000 after buying an additional 175,886 shares in the last quarter. First Trust Advisors LP lifted its stake in American Homes 4 Rent by 198.0% during the third quarter. First Trust Advisors LP now owns 365,186 shares of the real estate investment trust’s stock worth $9,455,000 after purchasing an additional 242,650 shares during the last quarter. Creative Planning bought a new stake in American Homes 4 Rent during the third quarter worth about $216,000. Finally, Mackay Shields LLC lifted its stake in American Homes 4 Rent by 13.7% during the third quarter. Mackay Shields LLC now owns 248,529 shares of the real estate investment trust’s stock worth $6,435,000 after purchasing an additional 29,927 shares during the last quarter. Institutional investors and hedge funds own 83.82% of the company’s stock.

American Homes 4 Rent Company Profile (NYSE:AMH)

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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