American Homes 4 Rent [NYSE: AMH] stock went on a downward path that fall over -0.21% on Wednesday, amounting to a one-week price decrease of less than -2.13%. The company report on January 31, 2024 at 4:30 PM that AMH Announces Tax Treatment of 2023 Distributions.
AMH (NYSE: AMH) (the “Company”), a leading large-scale integrated owner, operator, and developer of single-family rental homes, today announced the tax treatment of the Company’s 2023 cash distributions.
For the tax year ended December 31, 2023, quarterly cash distributions for its:.
Over the last 12 months, AMH stock dropped by -1.56%. The one-year American Homes 4 Rent stock forecast points to a potential upside of 13.1. The average equity rating for AMH stock is currently 1.96, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $12.32 billion, with 352.88 million shares outstanding and 332.66 million shares in the current float. Compared to the average trading volume of 2.75M shares, AMH stock reached a trading volume of 5041736 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on American Homes 4 Rent [AMH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMH shares is $39.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMH stock is a recommendation set at 1.96. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Deutsche Bank have made an estimate for American Homes 4 Rent shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 30, 2024.
The Average True Range (ATR) for American Homes 4 Rent is set at 0.68, with the Price to Sales ratio for AMH stock in the period of the last 12 months amounting to 7.62. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 0.67. Price to Free Cash Flow for AMH in the course of the last twelve months was 22.45.
AMH Stock Performance Analysis:
American Homes 4 Rent [AMH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.13. With this latest performance, AMH shares dropped by -3.57% in over the last four-week period, additionally sinking by -4.46% over the last 6 months – not to mention a drop of -1.56% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMH stock in for the last two-week period is set at 38.43, with the RSI for the last a single of trading hit 34.12, and the three-weeks RSI is set at 41.43 for American Homes 4 Rent [AMH]. The present Moving Average for the last 50 days of trading for this stock 35.48, while it was recorded at 34.61 for the last single week of trading, and 35.20 for the last 200 days.
AMH Stock EPS
With the latest financial reports released by the company, American Homes 4 Rent posted 0.25/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 108.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Homes 4 Rent go to 6.70%.
American Homes 4 Rent [AMH] Institutonal Ownership Details
The top three institutional holders of AMH stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AMH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AMH stock with ownership which is approximately 5.8325%.
