American Homes 4 Rent (AMH) Given Consensus Rating of “Buy” by Brokerages

Shares of American Homes 4 Rent (NYSE:AMH) have been assigned a consensus rating of “Buy” from the twelve research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $25.38.

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 price objective for the company in a research report on Friday, December 15th. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price objective for the company in a research report on Monday, December 4th. B. Riley set a $26.00 price objective on American Homes 4 Rent and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Finally, Citigroup assumed coverage on American Homes 4 Rent in a research report on Friday, October 20th. They set a “buy” rating and a $25.00 price objective for the company.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes purchased 101,678 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was bought at an average cost of $21.87 per share, for a total transaction of $2,223,697.86. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 1,670,950 shares of company stock valued at $35,816,444 over the last quarter. 27.82% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC grew its stake in shares of American Homes 4 Rent by 26.5% during the 2nd quarter. Voya Investment Management LLC now owns 63,431 shares of the real estate investment trust’s stock valued at $1,432,000 after buying an additional 13,297 shares during the period. Legal & General Group Plc boosted its position in American Homes 4 Rent by 10.0% during the 2nd quarter. Legal & General Group Plc now owns 486,902 shares of the real estate investment trust’s stock worth $10,990,000 after purchasing an additional 44,152 shares during the period. AXA boosted its position in American Homes 4 Rent by 15.1% during the 2nd quarter. AXA now owns 941,003 shares of the real estate investment trust’s stock worth $21,238,000 after purchasing an additional 123,651 shares during the period. Principal Financial Group Inc. boosted its position in American Homes 4 Rent by 3.7% during the 2nd quarter. Principal Financial Group Inc. now owns 2,572,898 shares of the real estate investment trust’s stock worth $58,069,000 after purchasing an additional 92,216 shares during the period. Finally, First Trust Advisors LP boosted its position in American Homes 4 Rent by 14.0% during the 2nd quarter. First Trust Advisors LP now owns 158,325 shares of the real estate investment trust’s stock worth $3,573,000 after purchasing an additional 19,396 shares during the period. 88.21% of the stock is owned by institutional investors.

Shares of American Homes 4 Rent (NYSE:AMH) traded down $0.20 during trading hours on Monday, hitting $20.93. The stock had a trading volume of 1,406,626 shares, compared to its average volume of 1,372,269. The stock has a market cap of $6,058.77, a price-to-earnings ratio of -2,093.00, a price-to-earnings-growth ratio of 1.58 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. American Homes 4 Rent has a fifty-two week low of $20.09 and a fifty-two week high of $23.98.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The firm had revenue of $246.80 million during the quarter, compared to the consensus estimate of $247.96 million. During the same period in the previous year, the firm posted $0.24 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. sell-side analysts expect that American Homes 4 Rent will post 1.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.20 annualized dividend and a yield of 0.96%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -2,000.00%.

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American Homes 4 Rent Company Profile

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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