B. Riley Equities Analysts Lower Earnings Estimates for American Homes 4 Rent (AMH)
American Homes 4 Rent (NYSE:AMH) – Equities research analysts at B. Riley cut their Q1 2018 earnings per share estimates for shares of American Homes 4 Rent in a research note issued on Tuesday. B. Riley analyst D. Corak now forecasts that the real estate investment trust will post earnings per share of $0.28 for the quarter, down from their prior forecast of $0.29. B. Riley currently has a “Buy” rating and a $26.00 target price on the stock. B. Riley also issued estimates for American Homes 4 Rent’s Q3 2018 earnings at $0.29 EPS, Q2 2019 earnings at $0.32 EPS and Q3 2019 earnings at $0.32 EPS.
AMH has been the topic of several other reports. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BidaskClub downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, July 31st. FBR & Co reiterated a “buy” rating and issued a $26.00 price target on shares of American Homes 4 Rent in a report on Friday, September 29th. BTIG Research assumed coverage on American Homes 4 Rent in a research note on Monday, October 9th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, TheStreet raised American Homes 4 Rent from a “c” rating to a “b” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $25.13.
Shares of American Homes 4 Rent (NYSE:AMH) traded down $0.23 during midday trading on Wednesday, hitting $21.45. The stock had a trading volume of 1,746,047 shares, compared to its average volume of 2,042,782. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.51 and a current ratio of 1.51. American Homes 4 Rent has a 12-month low of $19.62 and a 12-month high of $23.98. The stock has a market capitalization of $6,220.00, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 1.85 and a beta of 0.69.
American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The firm had revenue of $246.80 million for the quarter, compared to the consensus estimate of $247.96 million. During the same period in the prior year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Neuberger Berman Group LLC boosted its position in American Homes 4 Rent by 22.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 711,190 shares of the real estate investment trust’s stock valued at $15,440,000 after acquiring an additional 129,374 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in American Homes 4 Rent by 24.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 27,294 shares of the real estate investment trust’s stock valued at $593,000 after acquiring an additional 5,274 shares in the last quarter. Jane Street Group LLC bought a new stake in American Homes 4 Rent during the 3rd quarter valued at $1,101,000. Alyeska Investment Group L.P. bought a new stake in American Homes 4 Rent during the 3rd quarter valued at $2,171,000. Finally, Magnetar Financial LLC bought a new stake in American Homes 4 Rent during the 3rd quarter valued at $228,000. 94.29% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director B Wayne Et Al Hughes acquired 101,678 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average price of $21.87 per share, with a total value of $2,223,697.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders purchased 1,766,855 shares of company stock worth $38,597,023. 27.82% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, January 2nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.20 annualized dividend and a yield of 0.93%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 2,000.00%.
About American Homes 4 Rent
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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