American Homes 4 Rent (NYSE:AMH) has been assigned an average rating of “Hold” from the nine research firms that are covering the company. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $22.67.

Several brokerages recently commented on AMH. TheStreet raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Keefe, Bruyette & Woods boosted their price target on American Homes 4 Rent from $19.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, August 8th. FBR & Co boosted their price target on American Homes 4 Rent from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, August 8th. Raymond James Financial Inc. boosted their price target on 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. Finally, JMP Securities began coverage on American Homes 4 Rent in a research note on Tuesday, October 11th. They issued an “outperform” rating for the company.

In other news, insider Bryan Smith sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The stock was 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 Securities & Exchange Commission, which is available through the SEC website. Also, COO Jack E. Corrigan sold 91,324 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $20.97, for a total value of $1,915,064.28. Following the transaction, the chief operating officer now owns 100 shares of the company’s stock, 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 modified their holdings of AMH. 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 worth $24,059,000 after buying an additional 349,808 shares during the period. 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 worth $5,219,000 after buying an additional 163,562 shares during the period. 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 worth $33,648,000 after buying an additional 1,532,249 shares during the period. 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 worth $424,000 after buying an additional 12,019 shares during the period. 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 worth $77,954,000 after buying an additional 1,022,469 shares during the period. Institutional investors own 72.43% of the company’s stock.

Shares of American Homes 4 Rent (NYSE:AMH) traded up 1.72% during mid-day trading on Monday, hitting $20.68. 604,167 shares of the company were exchanged. The stock’s 50-day moving average price is $21.38 and its 200 day moving average price is $19.47. The stock’s market cap is $4.93 billion. American Homes 4 Rent has a 12-month low of $13.16 and a 12-month high of $22.99.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm earned $221 million during the quarter, compared to the consensus estimate 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%. The company’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. On average, equities analysts anticipate that American Homes 4 Rent will post $0.97 EPS for the current fiscal year.

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.98%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -66.66%.

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.

5 Day Chart for NYSE:AMH

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