B. Riley Reiterates “$26.00” Price Target for American Homes 4 Rent (AMH)

B. Riley set a $26.00 price objective on American Homes 4 Rent (NYSE:AMH) in a research report released on Tuesday. The firm currently has a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for American Homes 4 Rent’s Q1 2018 earnings at $0.28 EPS, 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 shares of American Homes 4 Rent from a sell rating to a hold rating in a report on Monday, July 24th. BidaskClub lowered shares of 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 target price on shares of American Homes 4 Rent in a report on Friday, September 29th. BTIG Research started coverage on shares of American Homes 4 Rent in a report on Monday, October 9th. They issued a buy rating and a $26.00 target price on the stock. Finally, TheStreet upgraded shares of American Homes 4 Rent from a c rating to a b rating in a report 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’s stock. American Homes 4 Rent currently has an average rating of Hold and a consensus price target of $25.13.

American Homes 4 Rent (AMH) opened at $21.45 on Tuesday. American Homes 4 Rent has a twelve month low of $19.62 and a twelve month high of $23.98. The firm has a market cap of $6,220.00, a P/E ratio of 21.21, a P/E/G ratio of 1.85 and a beta of 0.69. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The business had revenue of $246.80 million for the quarter, compared to analyst estimates of $247.96 million. During the same period in the prior year, the business posted $0.24 earnings per share. American Homes 4 Rent’s revenue was up 4.5% compared to the same quarter last year. equities analysts predict that American Homes 4 Rent will post 1.03 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was originally published by BBNS and is the sole property of of BBNS. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://baseballnewssource.com/markets/b-riley-reiterates-26-00-price-target-for-american-homes-4-rent-amh/1782845.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd will be issued a $0.05 dividend. The ex-dividend date 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 presently 2,000.00%.

In related news, Director B Wayne Et Al Hughes acquired 292,977 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $21.86 per share, with a total value of $6,404,477.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders acquired 1,766,855 shares of company stock worth $38,597,023. Company insiders own 27.82% of the company’s stock.

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of American Homes 4 Rent by 169.5% during the first quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 3,423 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of American Homes 4 Rent by 35.0% during the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 1,848 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of American Homes 4 Rent by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 515 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of American Homes 4 Rent during the third quarter worth $202,000. Finally, QCM Cayman Ltd. bought a new stake in shares of American Homes 4 Rent during the second quarter worth $203,000. 94.29% of the stock is owned by institutional investors.

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.

Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.