B. Riley Comments on American Homes 4 Rent’s Q2 2018 Earnings (AMH)

American Homes 4 Rent (NYSE:AMH) – Research analysts at B. Riley cut their Q2 2018 EPS estimates for American Homes 4 Rent in a note issued to investors on Thursday. B. Riley analyst D. Corak now forecasts that the real estate investment trust will post earnings per share of $0.28 for the quarter, down from their previous forecast of $0.29. B. Riley currently has a “Buy” rating and a $26.00 price target on the stock. B. Riley also issued estimates for American Homes 4 Rent’s FY2018 earnings at $1.15 EPS and Q1 2019 earnings at $0.31 EPS.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data 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 return on equity of 1.15% and a net margin of 6.56%. The company had revenue of $246.80 million for the quarter, compared to the consensus estimate of $247.96 million. During the same quarter last year, the business posted $0.24 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year.

A number of other research firms also recently weighed in on AMH. JPMorgan Chase & Co. upgraded American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Friday, December 15th. BTIG Research assumed coverage on American Homes 4 Rent in a research report on Monday, October 9th. They set a “buy” rating and a $26.00 price target on the stock. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price target on the stock in a research report on Monday, December 4th. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. Finally, Citigroup assumed coverage on American Homes 4 Rent in a research report on Friday, October 20th. They set a “buy” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.22.

Shares of American Homes 4 Rent (NYSE:AMH) opened at $20.25 on Friday. American Homes 4 Rent has a 12-month low of $20.00 and a 12-month high of $23.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $5,858.06, a price-to-earnings ratio of -2,025.00, a P/E/G ratio of 1.51 and a beta of 0.58.

In other American Homes 4 Rent news, Director Douglas N. Benham bought 2,005 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were bought at an average cost of $24.80 per share, with a total value of $49,724.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director B Wayne Et Al Hughes bought 292,977 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of $21.86 per share, for a total transaction of $6,404,477.22. The disclosure for this purchase can be found here. Insiders have bought 1,672,955 shares of company stock worth $35,866,168 over the last ninety days. Insiders own 27.82% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado grew its stake in shares of American Homes 4 Rent by 281.0% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 28,750 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 21,204 shares during the last quarter. CI Investments Inc. grew its stake in shares of American Homes 4 Rent by 0.3% in the fourth quarter. CI Investments Inc. now owns 6,542,000 shares of the real estate investment trust’s stock worth $142,877,000 after purchasing an additional 18,800 shares during the last quarter. Boston Partners grew its stake in shares of American Homes 4 Rent by 3.8% in the fourth quarter. Boston Partners now owns 3,492,106 shares of the real estate investment trust’s stock worth $76,268,000 after purchasing an additional 128,999 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of American Homes 4 Rent in the fourth quarter worth about $492,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of American Homes 4 Rent by 22.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,766 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 3,674 shares during the last quarter. 88.23% of the stock is currently owned by 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.

Earnings History and Estimates for American Homes 4 Rent (NYSE:AMH)

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