American Homes 4 Rent (NYSE:AMH) Given Average Recommendation of “Hold” by Analysts

Shares of American Homes 4 Rent (NYSE:AMH) have received a consensus rating of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $37.4375.

AMH has been the topic of a number of research reports. Citizens Jmp reaffirmed a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, January 21st. Mizuho restated a “neutral” rating and issued a $32.00 price objective (down from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th. BMO Capital Markets reissued a “market perform” rating and set a $37.00 target price on shares of American Homes 4 Rent in a research report on Friday, January 9th. Wall Street Zen cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Sunday, January 18th. Finally, Scotiabank dropped their price objective on shares of American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 14th.

American Homes 4 Rent Stock Up 1.9%

Shares of AMH opened at $31.12 on Thursday. The firm has a fifty day moving average price of $31.50 and a 200-day moving average price of $32.90. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $11.55 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.91 and a beta of 0.80. American Homes 4 Rent has a 12-month low of $28.84 and a 12-month high of $39.49.

Insiders Place Their Bets

In related news, Director Jack E. Corrigan acquired 5,000 shares of the stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the purchase, the director owned 17,300 shares of the company’s stock, valued at approximately $397,208. This represents a 40.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas N. Benham purchased 1,000 shares of the stock in a transaction on Wednesday, November 19th. The shares were purchased at an average cost of $31.65 per share, with a total value of $31,650.00. Following the transaction, the director owned 7,991 shares in the company, valued at $252,915.15. This trade represents a 14.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 6.32% of the company’s stock.

Institutional Trading of American Homes 4 Rent

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of American Homes 4 Rent by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock worth $1,486,798,000 after acquiring an additional 246,713 shares during the last quarter. Norges Bank purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at about $796,706,000. State Street Corp increased its position in American Homes 4 Rent by 2.2% during the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock worth $612,605,000 after purchasing an additional 399,894 shares during the last quarter. Principal Financial Group Inc. raised its stake in American Homes 4 Rent by 8.7% during the fourth quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust’s stock worth $507,532,000 after purchasing an additional 1,260,717 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in American Homes 4 Rent by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock valued at $250,566,000 after purchasing an additional 31,179 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.