Investment analysts at JMP Securities started coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research note issued on Tuesday. The brokerage set an “outperform” rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday. FBR & Co reissued an “outperform” rating on shares of American Homes 4 Rent in a research note on Friday, September 23rd. Raymond James Financial Inc. increased their price objective on shares of American Homes 4 Rent from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Wells Fargo & Co. reissued a “hold” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 17th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $20.00 price target (up from $19.00) on shares of American Homes 4 Rent in a research note on Saturday, August 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.40.

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

Shares of American Homes 4 Rent (NYSE:AMH) opened at 20.41 on Tuesday. The stock’s market capitalization is $4.87 billion. The stock has a 50 day moving average of $21.56 and a 200-day moving average of $19.41. American Homes 4 Rent has a 1-year low of $13.16 and a 1-year high of $22.99.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.02. The business earned $221 million during the quarter, compared to analyst estimates of $219.32 million. American Homes 4 Rent had a negative net margin of 4.72% and a negative return on equity of 0.83%. American Homes 4 Rent’s revenue was up 43.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. Equities research analysts predict that American Homes 4 Rent will post $0.97 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.98%. American Homes 4 Rent’s payout ratio is currently -66.66%.

In other news, insider Bryan Smith sold 12,000 shares of the stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $21.70, for a total transaction of $260,400.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jack E. Corrigan sold 91,324 shares of the stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,915,064.28. Following the transaction, the chief operating officer now owns 100 shares in the company, valued at $2,097. The disclosure for this sale can be found here. Insiders own 23.31% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of American Homes 4 Rent by 30.1% in the first quarter. Geode Capital Management LLC now owns 1,513,148 shares of the company’s stock valued at $24,059,000 after buying an additional 349,808 shares during the last quarter. AXA raised its position in shares of American Homes 4 Rent by 99.3% in the first quarter. AXA now owns 328,247 shares of the company’s stock valued at $5,219,000 after buying an additional 163,562 shares during the last quarter. Forward Management LLC raised its position in shares of American Homes 4 Rent by 262.4% in the first quarter. Forward Management LLC now owns 2,116,249 shares of the company’s stock valued at $33,648,000 after buying an additional 1,532,249 shares during the last quarter. Rafferty Asset Management LLC raised its position in shares of American Homes 4 Rent by 81.9% in the first quarter. Rafferty Asset Management LLC now owns 26,686 shares of the company’s stock valued at $424,000 after buying an additional 12,019 shares during the last quarter. Finally, State Street Corp raised its position in shares of American Homes 4 Rent by 26.3% in the first quarter. State Street Corp now owns 4,902,960 shares of the company’s stock valued at $77,954,000 after buying an additional 1,022,469 shares during the last quarter. Institutional investors and hedge funds own 72.47% of the company’s stock.

About American Homes 4 Rent

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.

5 Day Chart for NYSE:AMH

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