American Homes 4 Rent (AMH) Reaches New 1-Year Low at $20.32

Shares of American Homes 4 Rent (NYSE:AMH) hit a new 52-week low on Tuesday . The company traded as low as $20.32 and last traded at $20.46, with a volume of 2454400 shares traded. The stock had previously closed at $20.54.

A number of analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of American Homes 4 Rent in a report on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and set a $26.00 price target on shares of American Homes 4 Rent in a report on Friday, September 29th. TheStreet downgraded 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 price objective for the company in a research note on Monday, December 4th. Finally, BTIG Research assumed coverage on shares of American Homes 4 Rent in a research note on Monday, October 9th. They issued a “buy” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. American Homes 4 Rent presently has a consensus rating of “Buy” and an average target price of $25.22.

The firm has a market cap of $5,826.52, a P/E ratio of -2,042.00, a P/E/G ratio of 1.50 and a beta of 0.68. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Tuesday, January 2nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, December 29th. American Homes 4 Rent’s payout ratio is -2,000.00%.

In related news, Director B Wayne Et Al Hughes acquired 292,977 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $21.86 per share, with a total value of $6,404,477.22. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders purchased 1,670,950 shares of company stock valued at $35,816,444. 27.82% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of American Homes 4 Rent by 5.1% during the second 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 raised its stake in shares of American Homes 4 Rent by 7.7% during the second 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. Virtu KCG Holdings LLC raised its stake in shares of American Homes 4 Rent by 8.2% during the second quarter. Virtu KCG Holdings LLC now owns 17,844 shares of the real estate investment trust’s stock valued at $403,000 after acquiring an additional 1,350 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of American Homes 4 Rent by 8.2% during the second quarter. Prudential Financial Inc. now owns 21,180 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its stake in shares of American Homes 4 Rent by 9.4% during the second quarter. Hanseatic Management Services Inc. now owns 32,456 shares of the real estate investment trust’s stock valued at $733,000 after acquiring an additional 2,798 shares during the last quarter. 88.21% of the stock is owned by hedge funds and other institutional investors.

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About American Homes 4 Rent

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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