Momentum Stock Watch: American Homes 4 Rent (AMH)

Company Profile:

American Homes 4 Rent is a leader in the single-family home rental industry and “American Homes 4 Rent” is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. It is an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties. As of June 30, 2018, the company owned 52,049 single-family properties in selected submarkets in 22 states.

Recent News:

The company reported a key measure of profitability in its third quarter, that matched Wall Street expectations. It had net income of $15.2 million, or 5 cents per share. and revenue of $280.1 million in the period.

Board of Trustees declared a dividend of $0.05 per share on the Company’s common shares. It will be payable in cash on January 7, 2019 to shareholders of record on January 2, 2019.

Two American Homes 4 Rent directors made notable share purchases last week. At $19.90 to $20.30 apiece, the more than 1.98 million shares acquired totaled nearly $40 million.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

AMH’s strengths can be seen in its strong growth, better profitability and robust solvency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, the RSI(14) stands at 45.71 with positive bias. We rate American Homes 4 Rent (AMH) a STRONG BUY.

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