American Homes 4 Rent (NYSE:AMH) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19), Fidelity Earnings reports. The business had revenue of $298.30 million for the quarter, compared to analyst estimates of $290.51 million. American Homes 4 Rent had a return on equity of 1.86% and a net margin of 10.02%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share.

Shares of AMH opened at $25.71 on Friday. American Homes 4 Rent has a fifty-two week low of $18.91 and a fifty-two week high of $26.67. The firm’s 50 day moving average price is $25.95 and its 200 day moving average price is $24.99. The company has a market cap of $7.73 billion, a P/E ratio of 24.25, a PEG ratio of 2.16 and a beta of 0.60. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.47.

A number of research firms recently weighed in on AMH. Morgan Stanley boosted their price target on shares of American Homes 4 Rent from $27.50 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. ValuEngine lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Zacks Investment Research lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a report on Friday. They issued a “buy” rating and a $29.00 target price on the stock. Finally, BTIG Research lowered shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating in a report on Thursday, August 1st. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $26.88.

In related news, COO Jack E. Corrigan sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $25.67, for a total transaction of $2,053,600.00. Following the sale, the chief operating officer now directly owns 100 shares of the company’s stock, valued at approximately $2,567. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jack E. Corrigan sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $25.55, for a total transaction of $511,000.00. Following the sale, the chief operating officer now directly owns 100 shares in the company, valued at $2,555. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,000 shares of company stock worth $7,060,600. 27.58% of the stock is owned by insiders.

About American Homes 4 Rent

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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Earnings History for American Homes 4 Rent (NYSE:AMH)

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