Traders 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 hours on Thursday. $3.17 million flowed into the stock on the tick-up and $17.95 million flowed out of the stock on the tick-down, for a money net flow of $14.78 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 $0.05 for the day and closed at $21.87
Several equities research analysts recently commented on AMH shares. FBR & Co restated an “outperform” rating and issued a $22.00 price target (up previously from $20.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $20.00 price target (up previously from $19.00) on shares of American Homes 4 Rent in a research report on Saturday, August 13th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, May 10th. Zelman & Associates upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Finally, Wells Fargo & Co. restated a “hold” rating on shares of American Homes 4 Rent in a research report on Wednesday, August 17th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. American Homes 4 Rent presently has an average rating of “Buy” and a consensus price target of $21.40.
The stock has a 50 day moving average price of $21.81 and a 200-day moving average price of $18.11. The company’s market capitalization is $5.23 billion.
American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, August 4th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.02. During the same period in the previous year, the company posted $0.17 earnings per share. The business had revenue of $221 million for the quarter, compared to the consensus estimate of $219.32 million. The company’s revenue was up 43.9% on a year-over-year basis. Analysts expect that American Homes 4 Rent will post $0.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Tuesday, September 13th.
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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