Shares of American Homes 4 Rent (NYSE:AMH) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.67.

Several research firms recently weighed in on AMH. Raymond James Financial Inc. raised their price objective on American Homes 4 Rent from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Zelman & Associates raised American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Monday, August 8th. FBR & Co reissued an “outperform” rating on shares of American Homes 4 Rent in a report on Friday, September 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $20.00 target price (up from $19.00) on shares of American Homes 4 Rent in a report on Saturday, August 13th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of American Homes 4 Rent in a report on Wednesday, August 17th.

In other news, COO Jack E. Corrigan sold 91,324 shares of the business’s stock in a transaction dated 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 directly owns 100 shares of the company’s stock, valued at approximately $2,097. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tamara Hughes Gustavson acquired 80,681 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was acquired at an average cost of $20.55 per share, for a total transaction of $1,657,994.55. Following the completion of the purchase, the director now directly owns 12,972,446 shares in the company, valued at $266,583,765.30. The disclosure for this purchase can be found here. 23.31% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new position in shares of American Homes 4 Rent during the second quarter worth about $36,540,000. Geode Capital Management LLC raised its stake 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 last quarter. Forward Management LLC raised its stake in shares of American Homes 4 Rent by 6.3% in the second quarter. Forward Management LLC now owns 2,248,600 shares of the company’s stock worth $46,051,000 after buying an additional 132,351 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of American Homes 4 Rent by 36.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 151,249 shares of the company’s stock worth $3,098,000 after buying an additional 40,436 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of American Homes 4 Rent by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,018,308 shares of the company’s stock worth $41,334,000 after buying an additional 169,121 shares during the last quarter. 76.99% of the stock is currently owned by institutional investors.

American Homes 4 Rent (NYSE:AMH) opened at 21.18 on Tuesday. The firm has a 50-day moving average price of $20.77 and a 200-day moving average price of $20.50. The firm’s market cap is $5.05 billion. 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 released its quarterly earnings data on Thursday, November 3rd. The company reported $0.24 earnings per share for the quarter, beating 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 company had revenue of $236.10 million for the quarter, compared to the consensus estimate of $49.46 million. During the same quarter last year, the business posted $0.19 EPS. American Homes 4 Rent’s revenue for the quarter was up 36.8% on a year-over-year basis. On average, analysts expect that American Homes 4 Rent will post $0.97 earnings per share for the current fiscal year.

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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.

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