Investors Sell Shares of American Homes 4 Rent (AMH) on Strength (AMH)
Investors sold shares of American Homes 4 Rent (NYSE:AMH) on strength during trading on Thursday. $2.76 million flowed into the stock on the tick-up and $22.81 million flowed out of the stock on the tick-down, for a money net flow of $20.05 million out of the stock. Of all equities tracked, American Homes 4 Rent had the 0th highest net out-flow for the day. American Homes 4 Rent traded up $0.03 for the day and closed at $22.50
A number of analysts recently commented on AMH shares. Zacks Investment Research cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Wednesday, May 11th. Zelman & Associates upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. FBR & Co reaffirmed an “outperform” rating and set a $22.00 target price (up previously from $20.00) on shares of American Homes 4 Rent in a report on Thursday, June 23rd. Keefe, Bruyette & Woods upped their target price on shares of American Homes 4 Rent from $19.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, August 8th. Finally, TheStreet raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. American Homes 4 Rent currently has an average rating of “Buy” and a consensus price target of $21.40.
The company has a 50-day moving average price of $21.55 and a 200 day moving average price of $17.64. The company’s market cap is $5.29 billion.
American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $221 million for the quarter, compared to analysts’ expectations of $219.32 million. During the same period in the previous year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 43.9% on a year-over-year basis. On average, equities research analysts expect that American Homes 4 Rent will post $0.96 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in American Homes 4 Rent stock. First Trust Advisors LP increased its position in American Homes 4 Rent (NYSE:AMH) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,504 shares of the company’s stock after buying an additional 3,734 shares during the period. First Trust Advisors LP’s holdings in American Homes 4 Rent were worth $1,008,000 at the end of the most recent reporting 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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