Reviewing The Case For American Homes 4 Rent (AMH) Going Higher

Currently, there are 364.30M common shares owned by the public and among those 332.62M shares have been available to trade.

Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 181,849 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 243,448 shares.

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However, the script later moved the day high at 37.74, up 1.66%. The company’s stock has a 5-day price change of 5.21% and 0.11% over the past three months. AMH shares are trading 0.58% year to date (YTD), with the 12-month market performance up to 14.72% higher. It has a 12-month low price of $28.78 and touched a high of $37.97 over the same period. AMH has an average intraday trading volume of 2.96 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.67%, 2.11%, and 2.69% respectively.

Institutional ownership of American Homes 4 Rent (NYSE: AMH) shares accounts for 90.24% of the company’s 364.30M shares outstanding.

It has a market capitalization of $13.10B and a beta (3y monthly) value of 0.70. The stock’s trailing 12-month PE ratio is 35.88, while the earnings-per-share (ttm) stands at $1.01. The company has a PEG of 5.35 and the debt-to-equity ratio at 0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.63% over the week and 1.96% over the month.

Analysts forecast that American Homes 4 Rent (AMH) will achieve an EPS of $0.17 for the current quarter, $0.17 for the next quarter and $0.7 for 2025. The lowest estimate earnings-per-share for the quarter is $0.13 while analysts give the company a high EPS estimate of $0.33. Comparatively, EPS for the current quarter was $0.32 a year ago. Earnings per share for the fiscal year are expected to decrease by -38.15%, and 6.33% over the next financial year. EPS should shrink at an annualized rate of 6.70% over the next five years, compared to 66.18% over the past 5-year period.

Looking at the support for the AMH, a number of firms have released research notes about the stock. Deutsche Bank stated their Buy rating for the stock in a research note on January 30, 2024, with the firm’s price target at $40. Exane BNP Paribas coverage for the American Homes 4 Rent (AMH) stock in a research note released on January 22, 2024 offered a Outperform rating with a price target of $42. Jefferies was of a view on January 02, 2024 that the stock is Buy, while UBS gave the stock Neutral rating on September 29, 2023, issuing a price target of $35. Evercore ISI on their part issued In-line rating on June 12, 2023.

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