American Homes 4 Rent (NYSE:AMH) Upgraded by StockNews.com to Hold

American Homes 4 Rent (NYSE:AMHGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Other equities analysts have also issued research reports about the company. Raymond James reaffirmed a “strong-buy” rating and issued a $45.00 price target (down previously from $48.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. Morgan Stanley lifted their price target on American Homes 4 Rent from $37.50 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 25th. Capital One Financial initiated coverage on American Homes 4 Rent in a research report on Friday, July 8th. They issued an “overweight” rating and a $43.00 price target for the company. Mizuho decreased their target price on American Homes 4 Rent from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. Finally, Oppenheimer initiated coverage on American Homes 4 Rent in a research report on Monday, July 18th. They issued a “market perform” rating and a $35.00 target price for the company. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus price target of $42.07.

American Homes 4 Rent Trading Up 0.2 %

NYSE:AMH traded up $0.08 during trading hours on Thursday, hitting $34.02. The company had a trading volume of 2,273,545 shares, compared to its average volume of 2,596,861. The company has a market capitalization of $11.85 billion, a PE ratio of 59.69, a price-to-earnings-growth ratio of 3.13 and a beta of 0.60. The stock has a 50-day moving average price of $36.54 and a 200 day moving average price of $37.41. American Homes 4 Rent has a 52 week low of $32.60 and a 52 week high of $44.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.52 and a quick ratio of 0.52.

American Homes 4 Rent (NYSE:AMHGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.22). The firm had revenue of $361.90 million for the quarter, compared to analysts’ expectations of $362.35 million. American Homes 4 Rent had a net margin of 15.67% and a return on equity of 3.46%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. On average, equities research analysts predict that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.

Insider Activity at American Homes 4 Rent

In related news, COO Bryan Smith sold 5,519 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $35.67, for a total transaction of $196,862.73. Following the completion of the transaction, the chief operating officer now directly owns 81,287 shares in the company, valued at approximately $2,899,507.29. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other American Homes 4 Rent news, Director Tamara Hughes Gustavson purchased 281,695 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was acquired at an average cost of $36.40 per share, for a total transaction of $10,253,698.00. Following the purchase, the director now directly owns 269,470 shares of the company’s stock, valued at approximately $9,808,708. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Bryan Smith sold 5,519 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $35.67, for a total value of $196,862.73. Following the completion of the transaction, the chief operating officer now owns 81,287 shares of the company’s stock, valued at $2,899,507.29. The disclosure for this sale can be found here. 6.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ellevest Inc. raised its holdings in American Homes 4 Rent by 86.2% during the 2nd quarter. Ellevest Inc. now owns 728 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 337 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of American Homes 4 Rent by 0.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 114,931 shares of the real estate investment trust’s stock worth $4,601,000 after buying an additional 358 shares in the last quarter. Family Management Corp grew its position in shares of American Homes 4 Rent by 0.7% during the 1st quarter. Family Management Corp now owns 54,815 shares of the real estate investment trust’s stock worth $2,194,000 after buying an additional 363 shares in the last quarter. Hotaling Investment Management LLC grew its position in shares of American Homes 4 Rent by 6.5% during the 1st quarter. Hotaling Investment Management LLC now owns 6,349 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 389 shares in the last quarter. Finally, Creative Planning grew its position in shares of American Homes 4 Rent by 5.0% during the 2nd quarter. Creative Planning now owns 11,245 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 537 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

About American Homes 4 Rent

(Get Rating)

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, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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