This Is Too Hot For American Homes 4 Rent (NYSE: AMH), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that AMH Reports Third Quarter 2023 Financial and Operating Results.

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Stocks Info

As a NYSE listed company, AMH falls under the Real Estate sector while operating within the REIT – Residential industry segment. The current market capitalization of American Homes 4 Rent is $12.76B. A total of 4.55 million shares were traded on the day, compared to an average of 2.76M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, AMH has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 10,000 and the disposition of 56,852 shares. Over the last 12 months, there were 24 BUYs and 37 SELLs from insiders. Insiders purchased 298,183 shares during that period but sold 287,868.

In the most recent transaction, CORRIGAN JACK E bought 1,000 shares of AMH for 24.32 per share on Dec 13. After the transaction, the Director now owns 1,000 company shares. In a previous transaction on Dec 13, CORRIGAN JACK E bought 1,000 shares at 24.30 per share. AMH shares that Director owns now total 1,000.

Among the insiders who sold shares, KROPP JAMES H disposed of 6,852 shares on Nov 16 at a per-share price of $36.47. This resulted in the Director holding 29,202 shares of AMH after the transaction. In another insider transaction, CORRIGAN JACK E sold 25,000 shares at $36.60 per share on Nov 14. Company shares held by the Director now total 103,789.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. American Homes 4 Rent pays an annual dividend of $0.87, resulting in a dividend yield of 2.47%, and it has a price to earnings (P/E) ratio of 33.74. AMH’s most recent ex-dividend date was 12/14/2023 when it declared a $0.22 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The AMH stock dividend was $0.22 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AMH in the last 3 months, the mean price target is $38.82 with high estimates of $44.00 and low estimates of $36.00. In terms of 52-week highs and lows, AMH has a high of $37.97 and a low of $28.78.

As of this writing, AMH has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.18 per share and a lower estimate of $0.09. The company reported an EPS of $0.27 in the last quarter, which was 170.00% higher than expectations of $0.1.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. AMH’s latest balance sheet shows that the firm has $48.20M in Cash & Short Term Investments as of fiscal 2021. There were $3.90B in debt and $643.61M in liabilities at the time. Its Book Value Per Share was $18.96, while its Total Shareholder’s Equity was $6.74B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMH is Buy with a score of 3.83.

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