Zacks Investment Research upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a report issued on Monday.

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. “

AMH has been the topic of several other research reports. Mizuho raised American Homes 4 Rent from a neutral rating to a buy rating and set a $24.00 price objective on the stock in a research report on Tuesday, February 26th. ValuEngine raised American Homes 4 Rent from a hold rating to a buy rating in a research report on Tuesday, January 29th. Goldman Sachs Group raised American Homes 4 Rent from a neutral rating to a buy rating and set a $24.00 price objective on the stock in a research report on Monday, November 26th. Raymond James cut American Homes 4 Rent from a strong-buy rating to an outperform rating in a research report on Monday, November 19th. Finally, Wells Fargo & Co reissued a hold rating on shares of American Homes 4 Rent in a research report on Thursday, March 14th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $23.71.

Shares of American Homes 4 Rent stock opened at $22.23 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.47. American Homes 4 Rent has a 12-month low of $18.91 and a 12-month high of $23.34. The firm has a market cap of $6.71 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.08 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 21st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.22). American Homes 4 Rent had a return on equity of 1.83% and a net margin of 10.09%. The business had revenue of $270.00 million during the quarter, compared to analysts’ expectations of $269.98 million. During the same period in the prior year, the firm posted $0.26 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that American Homes 4 Rent will post 1.11 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.90%. American Homes 4 Rent’s dividend payout ratio is presently 18.87%.

In other news, Director Douglas N. Benham sold 8,000 shares of the company’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $21.72, for a total transaction of $173,760.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephanie G. Heim sold 5,000 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $25.50, for a total value of $127,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 800,005 shares of company stock worth $18,025,657 in the last ninety days. Insiders own 26.52% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Utah Retirement Systems lifted its position in shares of American Homes 4 Rent by 1.1% during the 4th quarter. Utah Retirement Systems now owns 53,932 shares of the real estate investment trust’s stock valued at $1,071,000 after buying an additional 600 shares during the last quarter. First Hawaiian Bank lifted its holdings in American Homes 4 Rent by 8.6% during the 4th quarter. First Hawaiian Bank now owns 9,290 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 732 shares in the last quarter. BOKF NA lifted its holdings in American Homes 4 Rent by 3.2% during the 4th quarter. BOKF NA now owns 40,198 shares of the real estate investment trust’s stock worth $798,000 after purchasing an additional 1,231 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in American Homes 4 Rent by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 112,280 shares of the real estate investment trust’s stock worth $2,228,000 after purchasing an additional 2,058 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in American Homes 4 Rent by 6.2% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,236 shares of the real estate investment trust’s stock worth $891,000 after purchasing an additional 2,655 shares in the last quarter. 85.94% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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

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