American Homes 4 Rent (AMH) concluded trading on Thursday at a closing price of $36.52, with 3.59 million shares of worth about $131.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.13% during that period and on Thursday the price saw a loss of about -0.03%. Currently the company’s common shares owned by public are about 364.30M shares, out of which, 336.17M shares are available for trading.
However, the stock later moved at a day high price of 36.76, or with a loss of -0.03%. Stock saw a price change of -1.32% in past 5 days and over the past one month there was a price change of 4.76%. Year-to-date (YTD), AMH shares are showing a performance of 1.56% which increased to 19.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.78 but also hit the highest price of $37.97 during that period. The average intraday trading volume for American Homes 4 Rent shares is 4.01 million. The stock is currently trading 3.14% above its 20-day simple moving average (SMA20), while that difference is up 2.84% for SMA50 and it goes to 3.47% higher than SMA200.
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American Homes 4 Rent (NYSE: AMH) currently have 364.30M outstanding shares and institutions hold larger chunk of about 89.02% of that.
The stock has a current market capitalization of $13.37B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 36.22, while it has posted earnings per share of $1.01 in the same period. Its PEG reads 5.41 while making debt-to-equity ratio of 0.64. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMH, volatility over the week remained 1.52% while standing at 1.86% over the month.
Analysts are in expectations that American Homes 4 Rent (AMH) stock would likely to be making an EPS of $0.16 in the current quarter, while forecast for next quarter EPS is $0.16 and it is $0.77 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.23 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -38.51% while it is estimated to increase by 7.71% in next year. EPS is likely to shrink at an annualized rate of 6.70% for next 5-years, compared to annual growth of 66.18% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on January 30, 2024 offering a Buy rating for the stock and assigned a target price of $40 to it. Coverage by Exane BNP Paribas stated American Homes 4 Rent (AMH) stock as an Outperform in their note to investors on January 22, 2024, suggesting a price target of $42 for the stock. On January 02, 2024, Jefferies Upgrade their recommendations, while on September 29, 2023, UBS Initiated their ratings for the stock with a price target of $35. Stock get an In-line rating from Evercore ISI on June 12, 2023.
