Headlines about American Homes 4 Rent (NYSE:AMH) have trended positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. American Homes 4 Rent earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.3050493101665 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- American Homes 4 Rent (AMH) Director Sells $59,010.00 in Stock (americanbankingnews.com)
- B. Riley Begins Coverage on American Homes 4 Rent (AMH) (americanbankingnews.com)
- American Homes 4 Rent (AMH) Plans Quarterly Dividend of $0.05 (americanbankingnews.com)
- Reviewing American Homes 4 Rent (AMH) & BRT Apartments (BRT) (americanbankingnews.com)
Several equities research analysts have recently issued reports on AMH shares. TheStreet lowered shares of American Homes 4 Rent from a “b-” rating to a “c+” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. raised shares of American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 target price on the stock in a research note on Friday, December 15th. Keefe, Bruyette & Woods upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price target for the company in a research report on Monday, December 4th. Finally, BTIG Research reduced their price target on shares of American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $24.56.
American Homes 4 Rent (NYSE:AMH) traded down $0.19 on Wednesday, hitting $19.51. 483,438 shares of the company traded hands, compared to its average volume of 2,290,400. American Homes 4 Rent has a 52-week low of $18.39 and a 52-week high of $23.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $5,657.75, a P/E ratio of -246.88, a PEG ratio of 1.49 and a beta of 0.65.
American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $242.80 million during the quarter, compared to the consensus estimate of $244.81 million. American Homes 4 Rent had a net margin of 8.43% and a return on equity of 1.45%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. sell-side analysts expect that American Homes 4 Rent will post 1.16 earnings per share for the current year.
American Homes 4 Rent announced that its board has approved a share buyback plan on Thursday, February 22nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.03%. American Homes 4 Rent’s payout ratio is -250.00%.
In other American Homes 4 Rent news, Director Douglas N. Benham acquired 2,005 shares of the business’s stock in a transaction on Friday, January 26th. The stock was bought at an average price of $24.80 per share, for a total transaction of $49,724.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director B Wayne Et Al Hughes acquired 4,550 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was acquired at an average price of $22.00 per share, with a total value of $100,100.00. The disclosure for this purchase can be found here. 27.82% of the stock is currently owned by corporate insiders.
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American Homes 4 Rent Company Profile
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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