Investors Sell 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. $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 companies 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
Several equities research analysts have recently weighed in on AMH shares. FBR & Co upped their price target on American Homes 4 Rent from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, August 8th. Keefe, Bruyette & Woods upped their price target on American Homes 4 Rent from $19.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, August 8th. Zacks Investment Research upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, May 10th. TheStreet raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of American Homes 4 Rent in a report on Wednesday. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. American Homes 4 Rent has a consensus rating of “Buy” and a consensus price target of $21.40.
The stock’s market capitalization is $5.36 billion. The stock has a 50 day moving average of $21.50 and a 200 day moving average of $17.58.
American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.02. The business earned $221 million during the quarter, compared to analyst estimates of $219.32 million. During the same quarter last year, the firm earned $0.17 earnings per share. The business’s revenue 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 EPS for the current year.
A hedge fund recently raised its stake in American Homes 4 Rent stock. BNP Paribas Arbitrage SA raised its stake in shares of American Homes 4 Rent (NYSE:AMH) by 8,179.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 977,005 shares of the company’s stock after buying an additional 965,204 shares during the period. BNP Paribas Arbitrage SA owned 0.47% of American Homes 4 Rent worth $16,277,000 at the end of the most recent quarter.
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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