American Homes 4 Rent (NYSE:AMH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “American Homes 4 Rent is an internally managed real estate investment trust. It is focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. It rents residential properties primarily in Arizona, California, Florida, Georgia, and Nevada. American Homes 4 Rent is based in Malibu, California. “

Other research analysts also recently issued reports about the company. Zelman & Associates upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Raymond James Financial Inc. lifted their price objective on American Homes 4 Rent from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. JMP Securities restated a “buy” rating on shares of American Homes 4 Rent in a research report on Sunday, November 6th. TheStreet upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Finally, Wells Fargo & Co. restated a “hold” rating on shares of American Homes 4 Rent in a research report on Wednesday, August 17th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. American Homes 4 Rent currently has a consensus rating of “Hold” and an average price target of $23.60.

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

American Homes 4 Rent (NYSE:AMH) opened at 21.18 on Wednesday. The stock has a 50 day moving average price of $20.77 and a 200 day moving average price of $20.50. American Homes 4 Rent has a 1-year low of $13.16 and a 1-year high of $22.99. The company’s market cap is $5.05 billion.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. American Homes 4 Rent had a negative return on equity of 0.45% and a negative net margin of 2.47%. The firm earned $236.10 million during the quarter, compared to the consensus estimate of $49.46 million. During the same period in the previous year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 36.8% compared to the same quarter last year. On average, equities research analysts anticipate that American Homes 4 Rent will post $0.97 EPS for the current fiscal year.

In other news, insider Bryan Smith sold 12,000 shares of the business’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director B Wayne Et Al Hughes acquired 724,021 shares of the stock in a transaction dated Thursday, November 10th. The shares were bought at an average cost of $20.72 per share, with a total value of $15,001,715.12. The disclosure for this purchase can be found here. Insiders own 23.31% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Boston Partners boosted its stake in shares of American Homes 4 Rent by 0.3% in the second quarter. Boston Partners now owns 12,860,820 shares of the company’s stock valued at $263,389,000 after buying an additional 37,951 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of American Homes 4 Rent by 135,701.3% in the third quarter. Daiwa Securities Group Inc. now owns 8,702,150 shares of the company’s stock valued at $188,315,000 after buying an additional 8,695,742 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of American Homes 4 Rent by 14.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 7,490,626 shares of the company’s stock valued at $162,097,000 after buying an additional 956,065 shares in the last quarter. Brookfield Asset Management Inc. boosted its stake in shares of American Homes 4 Rent by 19.4% in the third quarter. Brookfield Asset Management Inc. now owns 6,309,209 shares of the company’s stock valued at $136,531,000 after buying an additional 1,024,311 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of American Homes 4 Rent by 17.5% in the third quarter. Bank of New York Mellon Corp now owns 4,582,879 shares of the company’s stock valued at $99,173,000 after buying an additional 683,807 shares in the last quarter. 76.99% of the stock is owned by institutional investors.

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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.

5 Day Chart for NYSE:AMH

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