American Homes 4 Rent (AMH) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $20 . FBR Capital advised their investors in a research report released on Jun 23, 2016.
On the company’s financial health, American Homes 4 Rent reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.21. The company had revenue of $195.20 million for the quarter, compared to analysts expectations of $185.56 million. The company’s revenue was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
American Homes 4 Rent opened for trading at $18.65 and hit $18.82 on the upside on Tuesday, eventually ending the session at $18.8, with a gain of 0.86% or 0.16 points. The heightened volatility saw the trading volume jump to 21,03,905 shares. Company has a market cap of $4,480 M.
In a different news, on Jun 17, 2016, Jack E Corrigan (Chief Operating Officer) sold 1,500 shares at $26.52 per share price. According to the SEC, on Jan 21, 2016, David Goldberg (Executive Vice President) purchased 2,000 shares at $24.89 per share price. On Nov 13, 2015, Bryan Smith (Executive Vice President) purchased 209 shares at $17.30 per share price, according to the Form-4 filing with the securities and exchange commission.
American Homes 4 Rent is an internally managed real estate investment trust (REIT). The Company focuses on acquiring renovating leasing and operating single-family homes as rental properties. The Company has an integrated operating platform that consists of personnel engaged in property management acquisitions construction marketing leasing financial and administrative functions. As of December 31 2014 the Company’s entire portfolio of single-family properties was internally managed through its property management platform. The Company’s single-family properties include Dallas-Fort Worth Texas; Indianapolis Indiana; Atlanta Georgia; Charlotte North Carolina; Greater Chicago area Illinois and Indiana; Cincinnati Ohio; Houston Texas; Tampa Florida; Phoenix Arizona and Jacksonville Florida among others.