American Homes 4 Rent (NYSE:AMH) Given Price Target Of $22.8


As per American Homes 4 Rent (NYSE:AMH)’s news release on 2016-08-03, its shareholders will get cash dividend of $0.05 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-15 and 2016-09-30, respectively.

The stock will commence trading ex-dividend from 2016-09-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year American Homes 4 Rent (NYSE:AMH) disbursed $0.05 in dividend compared to distribution of $0.05, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated American Homes 4 Rent (NYSE:AMH) to attain a price target of $22.8. It is an average estimate figure given by 5 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $26. The low price range is set at $19 for next year while the arithmetic mean is seen at 1.75.

Eyeing Earnings American Homes 4 Rent (NYSE:AMH) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.23 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, American Homes 4 Rent (NYSE:AMH) earnings came at $0.25 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.23 for the quarter.

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