American Homes 4 Rent (AMH) Reaches New 1-Year Low at $20.07

American Homes 4 Rent (NYSE:AMH) hit a new 52-week low during trading on Tuesday . The stock traded as low as $20.07 and last traded at $20.07, with a volume of 776663 shares. The stock had previously closed at $20.16.

Several equities research analysts recently commented on AMH shares. BTIG Research started coverage on shares of American Homes 4 Rent in a report on Monday, October 9th. They issued a “buy” rating and a $26.00 price target for the company. Citigroup assumed coverage on shares of American Homes 4 Rent in a report on Friday, October 20th. They issued a “buy” rating and a $25.00 price target for the company. TheStreet lowered shares of American Homes 4 Rent from a “b-” rating to a “c+” rating in a report on Wednesday, January 10th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price for the company in a report on Monday, December 4th. Finally, JPMorgan Chase & Co. raised shares of American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 target price for the company in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. American Homes 4 Rent has an average rating of “Buy” and a consensus target price of $25.22.

The company has a market capitalization of $5,960.00, a price-to-earnings ratio of 2,079.00, a PEG ratio of 1.49 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The business had revenue of $246.80 million during the quarter, compared to analyst estimates of $247.96 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. analysts predict that American Homes 4 Rent will post 1.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, December 29th. American Homes 4 Rent’s payout ratio is 2,000.00%.

In other news, Director B Wayne Et Al Hughes purchased 292,977 shares of the stock in a transaction dated Thursday, November 9th. The shares were purchased at an average price of $21.86 per share, with a total value of $6,404,477.22. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Douglas N. Benham purchased 2,005 shares of the stock in a transaction dated Friday, January 26th. The shares were purchased at an average cost of $24.80 per share, for a total transaction of $49,724.00. The disclosure for this purchase can be found here. Insiders have bought 1,672,955 shares of company stock valued at $35,866,168 in the last ninety days. Insiders own 27.82% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in shares of American Homes 4 Rent by 5.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 278 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of American Homes 4 Rent by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 515 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of American Homes 4 Rent during the 3rd quarter valued at about $202,000. Magnetar Financial LLC acquired a new position in shares of American Homes 4 Rent during the 3rd quarter valued at about $228,000. Finally, Profund Advisors LLC acquired a new position in shares of American Homes 4 Rent during the 2nd quarter valued at about $262,000. 88.23% of the stock is currently owned by hedge funds and other institutional investors.

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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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