On Thursday, the research analysts at StockNews.com paid some attention to American Homes 4 Rent (NYSE: AMH) to express their opinions on the company. Regarding the real estate investment trust stock, the company recommended to its clients to “sell” the stock.
A share of AMH was initially valued at $30.52 when trading on Thursday got underway.
The price of the stock’s moving average over the last 50 days is $32.45; over the last 200 days, it has been $32.51.
The company has a price-to-earnings ratio of 42.99, a price-to-earnings-to-growth ratio of 2.86, and a beta value of 0.66.
The company currently has a market capitalization of $11.04 billion.
American Homes 4 Rent’s lowest price in the past year was $29.10, while the all-time high was $43.89.
The current ratio, the quick ratio, and the overall debt-to-equity ratio all come in at 0.55, while the overall debt-to-equity ratio is at 0.63.
The company has been the subject of investigation in several separate research studies, which have all been carried out by various equity analysts.
The research report on American homes for rent that Scotiabank had commissioned was underway on January 17, so that’s when it started.
They anticipate that the company will “outperform the sector,” and the price target they have set for the stock is $36.00.
The rating that JPMorgan Chase & Co has given to American Homes 4 Rent has been lowered from “overweight” to “neutral,” and the price objective they set for the company has been reduced from $38.00 to $36.00. On December 16, the findings of an investigation were shared with the general public.
BTIG Research published a research note on Tuesday, November 22, in which they reaffirmed their “buy” rating on American Homes 4 Rent shares and set a price objective of $38.00 for the company.
BTIG Research also set a price objective of $40.00 for the company.
Barclays increased their price objective for the company from $37.00 to $38.00 and upgraded the stock of American Homes 4 Rent to “overweight” in a research note that was published on Wednesday.
Last, the Royal Bank of Canada lowered its price objective on American Homes 4 Rent from $37 to $36 in a research note published on Monday, February 27.
Despite this, they maintained their “outperform” rating for the company.
The company has been recommended to buy by nine analysts, a recommendation to hold by seven other analysts, and a recommendation to sell by one analyst.
According to data from Bloomberg.com, the current consensus price objective for American Homes 4 Rent is $37.09, and analysts currently rate “Hold” on average.
In other related news, director Douglas N.
Benham bought 1,156 shares of the company’s stock on March 6.
This was reported in the related news.
The total cost of the stock was $28,437.60, which works out to a price of $24.60 for each share on average. Following the completion of the transaction, the director acquired 24,951 company shares with a value of $613,794.60. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available.
In other news regarding this topic, American Homes 4 Rent director Douglas N.
Benham purchased 1,156 shares on March 6.
The price paid for each share was $24.60 on average, which brought the total amount spent on the stock transactions to 28,437.60 dollars.
As a result of the successful transaction completion, the director now has direct ownership of 24,951 company shares, which together have an approximate value of $613,794.60.
The information submitted by the Securities and Exchange Commission regarding the acquisition is currently available on the SEC website.
In addition, on March 2, Douglas N.
Benham, Director of American Homes 4 Rent, purchased 2,000 shares of the company’s stock for his investment.
The price of the shares, which came to an average of $23.35 each, was purchased for a total of $46,700.00.
As a direct result of the transaction, the director now owns 8,440 shares, which have a total value of $197,074.
This is the location where you can find the disclosure regarding this transaction.
The company’s employees hold an ownership stake of 6.03 percent of the total business.
Several institutional investors and hedge funds recently adjusted their positions in the stock.
A 1.7% increase in the proportion of American Homes 4 Rent shares owned by Intech Investment Management LLC was accomplished during the company’s most recent fiscal quarter.
After purchasing an additional 304 shares during the most recent fiscal quarter, Intech Investment Management LLC now has 18,417 shares of the real estate investment trust.
The value of these shares is $555,000.
In addition, the corporation recently purchased 18,417 shares of the company’s stock.
During the third quarter, Oppenheimer Asset Management INC increased the percentage of capital it invested in American Homes 4 Rent by 0.3%. Oppenheimer Asset Management INC now owns 115,464 shares of the real estate investment trust, worth $3,788,000, after the company made purchases totaling 357 shares during the most recent quarter.
During the final three months of 2018, Comerica Bank increased the proportion of American Homes 4 Rent that it owns by 4.4%.
After acquiring 400 more shares in the most recent quarter, Comerica Bank now owns 9,524 real estate investment trust shares, valued at $311,000 (as of today’s closing price).
In the final three months of 2018, Truist Finance Corporation increased its ownership stake in American Houses 4 Rent by 2.9%. Following the acquisition of 410 additional shares during the most recent fiscal quarter, Trust Financial Corp. now owns 14,767 shares in the real estate investment trust.
The total value of these shares is $445,000.
Last but not least, Gamco Investments, INC, et al.
Increased their position in American Houses 4 Rent by 0.3% during the third quarter.
The real estate investment trust has a total of 150,958 shares, and Gamco Investments, INC, et al. now hold 425 additional shares, bringing the total value of their holdings to $4,953,000.
Institutional investors and hedge funds hold shares of the company to the extent of 84.29%.
The acronym “REIT” stands for “American Homes for Rent,” which is the name of a real estate investment trust (REIT).
The company’s primary focus is the buying, fixing up, renting out, and managing of single-family homes that are used as investment properties.
The company was established on October 19, 2012, by Bradley Wayne Hughes Sr., and its headquarters is in the city of Las Vegas, located within the state of Nevada.