The stock of American Homes 4 Rent (NYSE:AMH) is a huge mover today! The stock decreased 1.85% or $0.38 on October 5, hitting $20.18. American Homes 4 Rent (NYSE:AMH) has risen 36.25% since March 2, 2016 and is uptrending. It has outperformed by 27.99% the S&P500.
The move comes after 5 months negative chart setup for the $4.83 billion company. It was reported on Oct, 6 by Barchart.com. We have $19.17 PT which if reached, will make NYSE:AMH worth $241.50M less.
Analysts await American Homes 4 Rent (NYSE:AMH) to report earnings on November, 3. They expect $0.23 earnings per share, up 21.05% or $0.04 from last year’s $0.19 per share. AMH’s profit will be $55.05 million for 21.93 P/E if the $0.23 EPS becomes a reality. After $0.25 actual earnings per share reported by American Homes 4 Rent for the previous quarter, Wall Street now forecasts -8.00% negative EPS growth.
American Homes 4 Rent (NYSE:AMH) Ratings Coverage
Out of 5 analysts covering American Homes 4 Rent (NYSE:AMH), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. American Homes 4 Rent has been the topic of 6 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Wood downgraded the shares of AMH in a report on Wednesday, March 9 to “Market Outperform” rating. The stock of American Homes 4 Rent (NYSE:AMH) has “Neutral” rating given on Thursday, December 17 by JP Morgan. The company was upgraded on Tuesday, August 18 by Zacks. The stock of American Homes 4 Rent (NYSE:AMH) earned “Outperform” rating by FBR Capital on Monday, August 8.
According to Zacks Investment Research, “American Homes 4 Rent is an internally managed real estate investment trust. It is focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. It rents residential properties primarily in Arizona, California, Florida, Georgia, and Nevada. American Homes 4 Rent is based in Malibu, California.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 1.30, from 2.29 in 2016Q1. The ratio fall, as 20 funds sold all American Homes 4 Rent shares owned while 72 reduced positions. 27 funds bought stakes while 64 increased positions. They now own 170.20 million shares or 2.79% more from 165.58 million shares in 2016Q1.
Ftb has invested 0% of its portfolio in American Homes 4 Rent (NYSE:AMH). Entrustpermal Mngmt Ltd has 175,704 shares for 1.81% of their US portfolio. Tiaa Cref Invest Mngmt reported 234,901 shares or 0% of all its holdings. New Mexico Educational Retirement Board has 25,532 shares for 0.02% of their US portfolio. Tributary Cap Ltd accumulated 109,860 shares or 0.33% of the stock. Moreover, Sei has 0.09% invested in American Homes 4 Rent (NYSE:AMH) for 692,583 shares. Raymond James Serv Advsrs accumulated 0.17% or 879,289 shares. Grp One Trading Limited Partnership has invested 0% of its portfolio in American Homes 4 Rent (NYSE:AMH). Royal Retail Bank Of Canada reported 26,924 shares or 0% of all its holdings. Blackrock Invest Ltd owns 82,557 shares or 0% of their US portfolio. Fifth Third Bank last reported 0% of its portfolio in the stock. Bluecrest Cap Mngmt Limited reported 679,310 shares or 0.58% of all its holdings. Mizuho Trust Bk Ltd holds 0% of its portfolio in American Homes 4 Rent (NYSE:AMH) for 34,031 shares. First Quadrant L P Ca has 11,900 shares for 0.01% of their US portfolio. Credit Suisse Ag reported 706,029 shares or 0.02% of all its holdings.
More important recent American Homes 4 Rent (NYSE:AMH) news were published by: Prnewswire.com which released: “American Homes 4 Rent Announces Pricing of Secondary Public Offering of Class …” on September 08, 2016, also Nasdaq.com published article titled: “American Homes 4 Rent is Now Oversold (AMH)”, Prnewswire.com published: “American Homes 4 Rent to Present at the JMP Financial Services and Real Estate …” on September 15, 2016. More interesting news about American Homes 4 Rent (NYSE:AMH) was released by: Seekingalpha.com and their article: “REIT Rankings: Single Family Rentals” with publication date: October 04, 2016.
AMH Company Profile
American Homes 4 Rent, incorporated on October 19, 2012, 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. The Firm operates in the segment with activities related to acquiring, renovating, leasing and operating single-family homes as rental properties. It owns approximately 38,780 single-family properties in over 20 states and has an additional over 10 properties in escrow that the Company seeks to acquire. Approximately 36,400 or 93.9% of its properties are leased. The Firm has an integrated operating platform that offers property management, acquisitions, construction, marketing, leasing, financial and administrative functions. The Firm is externally managed and advised by American Homes 4 Rent Advisor, LLC (the Advisor) and the leasing, managing and advertising of its properties is overseen and directed by American Homes 4 Rent Management Holdings, LLC (the Property Manager), both of which are subsidiaries of American Homes 4 Rent, LLC (AH LLC).
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