Traders 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 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
AMH has been the subject of several recent analyst reports. FBR & Co boosted their price target 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 upped their price objective 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 objective for the company in a research report on Tuesday, May 10th. TheStreet upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Finally, Wells Fargo & Co. reiterated 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 given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $21.40.
The stock’s 50 day moving average is $21.85 and its 200-day moving average is $18.14. The company’s market capitalization is $5.32 billion.
American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.02. The company earned $221 million during the quarter, compared to the consensus estimate of $219.32 million. American Homes 4 Rent’s revenue was up 43.9% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. On average, equities research analysts expect that American Homes 4 Rent will post $0.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $0.05 dividend. 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 0.90%.
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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