American Homes 4 Rent (AMH) concluded trading on Thursday at a closing price of $35.03, with 2.62 million shares of worth about $91.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.11% during that period and on April 18, 2024 the price saw a gain of about 1.07%. Currently the company’s common shares owned by public are about 364.30M shares, out of which, 336.50M shares are available for trading.
Stock saw a price change of -2.94% in past 5 days and over the past one month there was a price change of -2.50%. Year-to-date (YTD), AMH shares are showing a performance of -2.59% which increased to 5.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.36 but also hit the highest price of $37.97 during that period. The average intraday trading volume for American Homes 4 Rent shares is 3.62 million. The stock is currently trading -2.56% below its 20-day simple moving average (SMA20), while that difference is down -2.16% for SMA50 and it goes to -1.38% lower 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 88.88% of that.
The stock has a current market capitalization of $12.83B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 34.75, while it has posted earnings per share of $1.01 in the same period. Its PEG reads 5.19 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 1.83% while standing at 1.64% over the month.
Stock’s fiscal year EPS is expected to drop by -40.42% while it is estimated to increase by 9.36% 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 Citigroup on March 22, 2024 offering a Buy rating for the stock and assigned a target price range of between $37 and $41 to it. Coverage by Deutsche Bank stated American Homes 4 Rent (AMH) stock as a Buy in their note to investors on January 30, 2024, suggesting a price target of $40 for the stock. On January 22, 2024, Exane BNP Paribas Initiated their recommendations, while on January 02, 2024, Jefferies Upgrade their ratings for the stock with a price target of $41. Stock get a Neutral rating from UBS on September 29, 2023.
