American Homes 4 Rent (NYSE:AMH) finished Friday with a subtraction of -$0.03 to close at $35.32, a downside of -0.08 percent. An average of 1,254,980 shares of common stock have been traded in the last five days. There was a gain of $0.22 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,939,455 shares traded, while the 50-day average volume stands at 2,231,948.
AMH stock has decreased by -2.16% in the last month. The company shares reached their 1-month lowest point of $34.35 on 08/21/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $28.78 and a high of $37.97 in 52 weeks. It has reached a new high 21 times so far this year and achieved 17.19% or $5.18 in price. In spite of this, the price is down -6.98% from the 52-week high.
Insider Transactions
AMH stock investors should be aware that American Homes 4 Rent (AMH) stock had its last reported insider trading activity 26 days ago on Aug 11. In this transaction, the insider spent $67,446. Chief Operating Officer, Smith Bryan, disposed of 25,000 shares at a price of $35.25 on Jun 08. The insider now owns more than $881,250 worth of shares. Prior to that, Chief Operating Officer Smith Bryan went on to Sale 25,000 shares at $35.00 each on Jun 06. An amount of $875,000 was transacted.
Valuation Metrics
American Homes 4 Rent (AMH) has a trailing price-to-earnings (P/E) ratio of 35.89. The stock’s beta is 0.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.16, the price-to-book (PB) ratio at 1.86.
Financial Health
Further, the company has a long term debt to equity ratio of 0.64 and a total debt to equity ratio of 0.64 for the quarter ending June 29. Its gross profit as reported stood at $301.57 million compared to revenue of $1.49 billion.
Earnings Surprise
For the three-month period that ended June 29, American Homes 4 Rent had $1.88 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $98.03 million in the quarter, while revenues of $117.47 million were grew 42.27%. The analyst consensus anticipated American Homes 4 Rent’s latest quarter earnings to come in at $0.1 per share, but it turned out to be $0.27, a 170.00% surprise. For the quarter, EBITDA amounted to $203.76 million. At the end of the quarter ending June 29, American Homes 4 Rent’s stock balance sheet showed total debt was $4.4 billion. Shareholders own equity worth $362.0 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at American Homes 4 Rent (AMH) price momentum. RSI 9-day as of the close on 25 August was 43.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.38%.
As of today, AMH’s price is $35.04 +0.63% or $0.22 from its 5-day moving average. AMH is currently trading -4.51% lower than its 20-day SMA and +12.23% higher than its 100-day SMA. However, the stock’s current price level is +1.41% above the SMA50 and +18.68% above the SMA200.
The stochastic %K and %D were 38.91% and 28.47%, respectively, and the average true range (ATR) was 0.60. With the 14-day stochastic at 40.42% and the average true range at 0.63, the RSI (14) stands at 44.39%. The stock has reached 0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.21.
Analyst Ratings
Evercore ISI downgraded American Homes 4 Rent (NYSE: AMH) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for American Homes 4 Rent (AMH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AMH, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 others rate it as a “buy”.
