As of Friday close, American Homes 4 Rent’s (NYSE:AMH) stock was down -$0.54, moving down -1.55 percent to $34.32. The average number of shares traded per day over the past five days has been 1,584,280 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.21 fall in that time frame. In the last twenty days, the average volume was 1,668,765, while in the previous 50 days, it was 1,984,748.
Since last month, AMH stock retreated -2.80%. Shares of the company fell to $34.30 on 09/22/23, the lowest level in the past month. A 52-week high of $37.97 was reached on 07/31/23 after having rallying from a 52-week low of $28.78. Since the beginning of this year, AMH’s stock price has risen by 13.87% or $4.18, and marked a new high 21 times. However, the stock has declined by -9.61% since its 52-week high.
AMH stock investors should be aware that American Homes 4 Rent (AMH) stock had its last reported insider trading activity 9 days ago on Sep 14. Smith Bryan, the Chief Operating Officer of the company, disposed of 8,107 shares for $36.38 on Sep 14. It resulted in a $294,933 divestment by the insider. BENHAM DOUGLAS N added 4,431 shares at an average price of $22.79 on Sep 13. The insider now owns 11,027 shares following the transaction. On Sep 12, Director BENHAM DOUGLAS N bought 2,000 shares at $23.10 apiece. The transaction was valued at $46,200.
Valuation Metrics
Right now, American Homes 4 Rent (AMH) has a P/E ratio of about 34.88. The stock’s beta is 0.69. Besides these, the trailing price-to-sales (P/S) ratio of 7.93, the price-to-book (PB) ratio of 1.81.
The latest dividend of $0.22 per share was paid out, remained unchanged from last year’s $0.22. On Friday February 10 2023, a $0.04 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.64, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 55.40% percent. In the year ended June 29, operating margins totaled 11.60%. Based on annual data, AMH earned $301.57 million in gross profit and brought in $1.49 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.50%. Return on equity (ROE) for the past 12 months was 5.30%.
In American Homes 4 Rent’s quarter-end financial report for June 29, it reported total debt of $1.88 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AMH’s revenue rose 8.51% to $397.7 million during the quarter, while net income inched up to $395.55 million. While analysts expected American Homes 4 Rent to report $0.1 quarterly earnings, the actual figure was $0.27 per share. During the quarter, the company generated $203.76 million in EBITDA. The value of shareholders’ equity is $362.0 million.
Technical Picture
This quick technical analysis looks at American Homes 4 Rent’s (AMH) price momentum. With a historical volatility rate of 17.56%, the RSI 9-day stood at 28.54% on 22 September.
With respect to its five-day moving average, the current American Homes 4 Rent price is down by -6.05% percent or -$2.21. At present, AMH shares trade -2.91% below its 20-day simple moving average and +2.30% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.10% below its SMA50 and +5.44% above its SMA200.
Stochastic coefficient K was 14.33% and Stochastic coefficient D was 25.21%, while ATR was 0.61. Given the Stochastic reading of 0.81% for the 14-day period, the RSI (14) reading has been calculated as 34.80%. As of today, the MACD Oscillator reading stands at -0.78, while the 14-day reading stands at -0.81.
Analyst Ratings
American Homes 4 Rent downgraded its rating on American Homes 4 Rent (NYSE: AMH) to an In-line in a note to investors on June 12, 2023. The analysts firm previously had an Outperform rating on the stock.American Homes 4 Rent (AMH) has been rated Overweight by analysts. According to 0 brokerage firms, AMH is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate American Homes 4 Rent stock as buy, with 7 recommending it as overweight.
With a median target price of $38.00, the current consensus forecast for the stock is $36.00 – $43.00. Based on these forecasts, analysts predict American Homes 4 Rent (AMH) will achieve an average price target of $38.56.
