American Homes 4 Rent (AMH) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.23 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.21. The company posted revenue of $195.20 million in the period, 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.
Many Wall Street Analysts have commented on American Homes 4 Rent. American Homes 4 Rent was Downgraded by Keefe Bruyette to ” Mkt Perform” on Mar 9, 2016. Company shares were Reiterated by FBR Capital on Mar 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $17 .Shares were Reiterated by FBR Capital on Feb 29, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $20 .
American Homes 4 Rent opened for trading at $15.92 and hit $16.19 on the upside on Wednesday, eventually ending the session at $16.16, with a gain of 1.13% or 0.18 points. The heightened volatility saw the trading volume jump to 15,20,421 shares. Company has a market cap of $3,338 M.
In a different news, on Jan 21, 2016, David Goldberg (Executive Vice President) purchased 2,000 shares at $24.89 per share price. According to the SEC, on Nov 13, 2015, Bryan Smith (Executive Vice President) purchased 209 shares at $17.30 per share price. On Sep 15, 2015, David P. Singelyn (CEO) purchased 2,465 shares at $25.40 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.