Equities research analysts at Evercore ISI began coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research report issued to clients and investors on Monday, June 5th, Marketbeat reports. The brokerage set an “in-line” rating and a $24.50 price target on the real estate investment trust’s stock. Evercore ISI’s price objective would suggest a potential upside of 8.70% from the company’s current price.
Other research analysts also recently issued reports about the stock. FBR & Co reaffirmed a “buy” rating on shares of American Homes 4 Rent in a research report on Saturday, May 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 target price on shares of American Homes 4 Rent in a research report on Monday, May 15th. Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, Mizuho assumed coverage on shares of American Homes 4 Rent in a report on Wednesday, February 8th. They set a “neutral” rating and a $23.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.06.
Shares of American Homes 4 Rent (NYSE:AMH) traded down 0.44% during mid-day trading on Monday, reaching $22.44. The company’s stock had a trading volume of 991,147 shares. The firm’s 50 day moving average price is $22.43 and its 200-day moving average price is $22.28. The company’s market capitalization is $5.81 billion. American Homes 4 Rent has a 1-year low of $18.47 and a 1-year high of $23.98.
American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.11 million. American Homes 4 Rent had a net margin of 1.92% and a return on equity of 0.35%. The company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. On average, analysts predict that American Homes 4 Rent will post $0.07 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.20 annualized dividend and a yield of 0.89%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently -133.32%.
In related news, insider Bryan Smith sold 12,432 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $22.40, for a total value of $278,476.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tamara Hughes Gustavson bought 462,123 shares of the stock in a transaction on Tuesday, May 9th. The shares were acquired at an average cost of $22.21 per share, with a total value of $10,263,751.83. Following the purchase, the director now owns 13,600,665 shares of the company’s stock, valued at approximately $302,070,769.65. The disclosure for this purchase can be found here. 27.82% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. FNY Partners Fund LP purchased a new stake in American Homes 4 Rent during the first quarter valued at $114,000. PNC Financial Services Group Inc. boosted its position in American Homes 4 Rent by 169.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 3,423 shares during the last quarter. Elkfork Partners LLC acquired a new position in American Homes 4 Rent during the fourth quarter worth about $176,000. Teza Capital Management LLC purchased a new position in shares of American Homes 4 Rent during the first quarter worth $202,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of American Homes 4 Rent during the first quarter worth $236,000. Institutional investors own 93.71% of the company’s stock.
American Homes 4 Rent Company Profile
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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