American Homes 4 Rent (AMH) was Initiated by JMP Securities to “Mkt Outperform”. JMP Securities advised their investors in a research report released on Oct 11, 2016.
Many Wall Street Analysts have commented on American Homes 4 Rent. Company shares were Reiterated by FBR Capital on Aug 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $22 .
On the company’s financial health, American Homes 4 Rent reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.23. The company had revenue of $221.00 million for the quarter, compared to analysts expectations of $218.24 million. The company’s revenue was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
American Homes 4 Rent opened for trading at $20.39 and hit $20.73 on the upside on Friday, eventually ending the session at $20.46, with a gain of 0.54% or 0.11 points. The heightened volatility saw the trading volume jump to 13,63,336 shares. Company has a market cap of $4,877 M.
In a different news, on Oct 3, 2016, Bryan Smith (Executive Vice President) sold 12,000 shares at $21.70 per share price. According to the SEC, on Sep 28, 2016, Dann V Angeloff (director) purchased 400 shares at $21.58 per share price. On Sep 15, 2016, Jack E Corrigan (Chief Operating Officer) sold 91,324 shares at $20.97 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.