American Homes 4 Rent (NYSE:AMH) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $1.06-1.14 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.17. American Homes 4 Rent also updated its FY 2019 guidance to $1.06-1.14 EPS.
NYSE AMH traded up $0.11 during trading hours on Thursday, hitting $22.80. 2,068,623 shares of the company traded hands, compared to its average volume of 2,167,094. American Homes 4 Rent has a twelve month low of $18.91 and a twelve month high of $23.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $6.82 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.51 and a beta of 0.70.
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American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. American Homes 4 Rent had a return on equity of 1.90% and a net margin of 10.70%. The firm had revenue of $270.00 million during the quarter, compared to analysts’ expectations of $269.98 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts forecast that American Homes 4 Rent will post 1.07 EPS for the current year.
Several analysts have issued reports on the company. Zacks Investment Research upgraded American Homes 4 Rent from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Morgan Stanley lowered American Homes 4 Rent from an overweight rating to an equal weight rating and dropped their price objective for the company from $22.50 to $21.00 in a research note on Thursday, November 15th. JPMorgan Chase & Co. dropped their price objective on American Homes 4 Rent from $26.00 to $25.00 and set an overweight rating on the stock in a research note on Wednesday, November 14th. Raymond James lowered American Homes 4 Rent from a strong-buy rating to an outperform rating in a research note on Monday, November 19th. Finally, ValuEngine upgraded American Homes 4 Rent from a hold rating to a buy rating in a research note on Tuesday, January 29th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $23.75.
In other news, Director Douglas N. Benham bought 3,000 shares of the stock in a transaction dated Thursday, December 20th. The shares were bought at an average price of $21.00 per share, for a total transaction of $63,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tamara Hughes Gustavson bought 379,400 shares of the stock in a transaction dated Friday, November 23rd. The shares were purchased at an average price of $19.78 per share, for a total transaction of $7,504,532.00. Following the purchase, the director now owns 17,920,478 shares of the company’s stock, valued at approximately $354,467,054.84. The disclosure for this purchase can be found here. 26.52% of the stock is owned by corporate insiders.
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American Homes 4 Rent Company Profile
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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