American Homes 4 Rent (AMH) Reaches New 12-Month High at $21.59
American Homes 4 Rent (NYSE:AMH) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $21.59 and last traded at $21.56, with a volume of 518,428 shares traded. The stock had previously closed at $21.15.
AMH has been the subject of several recent analyst reports. Zacks Investment Research lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Friday, April 1st. FBR & Co restated an “outperform” rating and set a $22.00 target price (up previously from $20.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. American Homes 4 Rent presently has a consensus rating of “Buy” and an average price target of $19.20.
The company’s market capitalization is $5.17 billion. The firm’s 50 day moving average is $20.08 and its 200-day moving average is $16.87.
American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $195.20 million for the quarter, compared to analyst estimates of $187.70 million. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 48.2% on a year-over-year basis. On average, analysts expect that American Homes 4 Rent will post $0.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were given a dividend of $0.05 per share. The ex-dividend date was Monday, June 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.92%.
A number of hedge funds have added to or reduced their stakes in AMH. Fiduciary Management Associates LLC increased its stake in American Homes 4 Rent by 6.7% in the fourth quarter. Fiduciary Management Associates LLC now owns 1,137,950 shares of the company’s stock worth $18,958,000 after buying an additional 71,530 shares during the last quarter. Bank of Montreal Can boosted its stake in American Homes 4 Rent by 440.4% in the fourth quarter. Bank of Montreal Can now owns 966,719 shares of the company’s stock valued at $16,106,000 after buying an additional 787,816 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in American Homes 4 Rent by 9.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 76,672 shares of the company’s stock valued at $1,277,000 after buying an additional 6,425 shares during the period. Rhumbline Advisers boosted its stake in American Homes 4 Rent by 10.7% in the fourth quarter. Rhumbline Advisers now owns 121,711 shares of the company’s stock valued at $2,028,000 after buying an additional 11,790 shares during the period. Finally, First Trust Advisors LP boosted its stake in American Homes 4 Rent by 6.6% in the fourth quarter. First Trust Advisors LP now owns 60,504 shares of the company’s stock valued at $1,008,000 after buying an additional 3,734 shares during the period.
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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