Analysts expect American Homes 4 Rent (NYSE:AMH) to post earnings of $0.28 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for American Homes 4 Rent’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.28. American Homes 4 Rent posted earnings of $0.26 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The business is expected to report its next quarterly earnings report after the market closes on Thursday, February 21st.
According to Zacks, analysts expect that American Homes 4 Rent will report full year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $1.06 to $1.08. For the next financial year, analysts forecast that the company will report earnings of $1.17 per share, with EPS estimates ranging from $1.14 to $1.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow American Homes 4 Rent.
Get American Homes 4 Rent alerts:A number of research firms have recently weighed in on AMH. Zacks Investment Research downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Monday, February 4th. ValuEngine upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. American Homes 4 Rent has a consensus rating of “Buy” and an average price target of $23.75.
Shares of NYSE:AMH traded down $0.01 during trading on Friday, reaching $22.74. 1,115,457 shares of the company traded hands, compared to its average volume of 2,205,166. The firm has a market capitalization of $6.74 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 1.49 and a beta of 0.70. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.45. American Homes 4 Rent has a 1-year low of $18.39 and a 1-year high of $23.34.
In other American Homes 4 Rent news, Director Tamara Hughes Gustavson purchased 379,400 shares of the business’s stock in a transaction dated Friday, November 23rd. The shares were acquired at an average price of $19.78 per share, for a total transaction of $7,504,532.00. Following the acquisition, the director now owns 17,920,478 shares of the company’s stock, valued at $354,467,054.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas N. Benham sold 8,000 shares of the firm’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $21.72, for a total transaction of $173,760.00. The disclosure for this sale can be found here. Insiders have bought a total of 1,191,379 shares of company stock worth $23,885,457 in the last 90 days. 26.52% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Rehmann Capital Advisory Group raised its holdings in American Homes 4 Rent by 3,499.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 3,743 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 3,639 shares during the period. First Hawaiian Bank bought a new position in American Homes 4 Rent in the 3rd quarter worth $187,000. OppenheimerFunds Inc. bought a new position in American Homes 4 Rent in the 2nd quarter worth $225,000. PEAK6 Investments LLC bought a new position in American Homes 4 Rent in the 3rd quarter worth $224,000. Finally, NN Investment Partners Holdings N.V. bought a new position in American Homes 4 Rent in the 3rd quarter worth $255,000. Hedge funds and other institutional investors own 88.28% of the company’s stock.
About American Homes 4 Rent
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.
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