Investors Sell Shares of American Homes 4 Rent (AMH) on Strength (AMH)
Traders sold shares of American Homes 4 Rent (NYSE:AMH) on strength during trading on Wednesday. $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 stocks 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
A number of equities analysts have commented on the company. Wells Fargo & Co. reissued a “hold” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 17th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $20.00 price objective (up previously from $19.00) on shares of American Homes 4 Rent in a research note on Saturday, August 13th. FBR & Co boosted their price objective on American Homes 4 Rent from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Keefe, Bruyette & Woods boosted their price objective on American Homes 4 Rent from $19.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, August 8th. Finally, TheStreet raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Five equities 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 company. The company currently has a consensus rating of “Buy” and a consensus target price of $21.40.
The firm has a 50 day moving average price of $21.79 and a 200-day moving average price of $18.11. The stock’s market capitalization is $5.21 billion.
American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.02. During the same quarter in the previous year, the business posted $0.17 EPS. The business earned $221 million during the quarter, compared to analysts’ expectations of $219.32 million. American Homes 4 Rent’s revenue for the quarter was up 43.9% on a year-over-year basis. Analysts forecast that American Homes 4 Rent will post $0.96 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.91%.
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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