The stock of American Homes 4 Rent (NYSE:AMH) increased by $0.66 on Tuesday to finish at $36.04, up 1.87 percent. The last five days have seen an average of 1,325,660 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $5.90. The average number of shares traded over the last 20 days was 1,790,535, while the average volume over the last 50 days totaled 2,131,734.
AMH stock dropped -3.84% since last month. On 08/21/23, the company’s shares reached a one-month low of $34.35. The stock touched a high of $37.97 on 07/31/23, after rallying from a low of $28.78 in 52 weeks. The price of AMH stock has risen by 19.58% or $5.90 this year, reaching a new high 21 times. Still, the stock price is down -5.08% 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 19 days ago on Aug 11. On Aug 11, Director BENHAM DOUGLAS N acquired 1,000 shares at $23.20 each. This transaction resulted in the insider spending $23,200. On Aug 10, BENHAM DOUGLAS N added 2,000 shares at a price of US$22.82. After the transaction, the insider now owns 8,000 shares. Chief Accounting Officer Reitz Brian had earlier sold 1,800 shares on Jul 31 for $37.47 a share. The transaction was completed for $67,446.
Valuation Metrics
American Homes 4 Rent (AMH) has a trailing price-to-earnings (P/E) ratio of 36.63. Beta for the stock is 0.69. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.34, the price-to-book (PB) ratio of 1.90.
Company paid $0.22 per share in dividends, remained unchanged from $0.22 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.64, and the total debt to equity ratio is 0.64. As far as profitability goes, gross margin for the trailing twelve months is 55.40% percent. American Homes 4 Rent’s operating margin stood at 11.60% for the same period. Based on annual data, it had gross profit of $301.57 million and revenue of $1.49 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AMH’s return on assets (ROA) during the last 12 months has been 2.90%. There was a 1.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.30%.
Earnings Surprise
According to American Homes 4 Rent’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $395.55 million, while revenues rose by 8.51% to $397.7 million. It was predicted that American Homes 4 Rent’s quarterly earnings would be $0.27, but it ended up being $0.1. EBITDA was $203.76 million for the quarter. At the end of American Homes 4 Rent’s most recent quarter ended June 29, its total debt was $4.4 billion. Equity owned by shareholders amounts to $362.0 million.
Technical Picture
Here’s a quick look at American Homes 4 Rent’s (AMH) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 58.84%, suggesting the stock is Neutral, with a 16.45% historical volatility rate.
The stochastic %K and %D were 51.25% and 43.94% respectively, while the average true range (ATR) was 0.62. Based on the 14-day stochastic reading of 70.42%, the RSI (14) reading is 53.81%. On the 9-day MACD Oscillator, the stock is at 0.38, and the 14-day reading is at 0.14.
Analyst Ratings
American Homes 4 Rent (NYSE: AMH) was downgraded by Evercore ISI to a an In-line rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned American Homes 4 Rent (AMH) an Overweight rating. AMH is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 8 others recommend it as a buy.
What is AMH’s price target for the next 12 months?
The current consensus forecast for the stock is between $34.50 and $43.00, with a median target price of $38.00. In analyzing these forecasts, the average price target given by analysts for American Homes 4 Rent (AMH) is $38.62.
