American Homes 4 Rent (NYSE:AMH) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

AMH has been the subject of several other research reports. Credit Suisse Group started coverage on American Homes 4 Rent in a research note on Monday, February 27th. They issued a “neutral” rating and a $24.00 price target for the company. Zacks Investment Research cut American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. FBR & Co reissued a “buy” rating on shares of American Homes 4 Rent in a research note on Thursday, April 13th. Evercore ISI began coverage on American Homes 4 Rent in a research note on Monday, June 5th. They issued an “in-line” rating and a $24.50 price target for the company. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 target price on shares of American Homes 4 Rent in a research note on Friday, May 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.06.

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

Shares of American Homes 4 Rent (AMH) traded down 0.18% during midday trading on Friday, hitting $22.70. 3,632,830 shares of the company’s stock traded hands. The company has a 50 day moving average of $22.43 and a 200 day moving average of $22.28. American Homes 4 Rent has a 52 week low of $18.47 and a 52 week high of $23.98. The stock’s market cap is $5.88 billion.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. American Homes 4 Rent had a return on equity of 0.35% and a net margin of 1.92%. The company had revenue of $233.80 million during the quarter, compared to analysts’ expectations of $227.11 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities analysts forecast that American Homes 4 Rent will post $0.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.88%. American Homes 4 Rent’s dividend payout ratio (DPR) is -133.32%.

TRADEMARK VIOLATION WARNING: “American Homes 4 Rent (AMH) Raised to Buy at BidaskClub” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/06/24/american-homes-4-rent-amh-raised-to-buy-at-bidaskclub.html.

In related news, Director Tamara Hughes Gustavson purchased 462,123 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average price of $22.21 per share, for a total transaction of $10,263,751.83. Following the transaction, the director now directly owns 13,600,665 shares of the company’s stock, valued at approximately $302,070,769.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bryan Smith sold 12,432 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $22.40, for a total value of $278,476.80. The disclosure for this sale can be found here. Company insiders own 27.82% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AMH. Skandinaviska Enskilda Banken AB publ bought a new position in American Homes 4 Rent during the first quarter worth $305,000. Public Employees Retirement System of Ohio increased its stake in shares of American Homes 4 Rent by 1.0% in the first quarter. Public Employees Retirement System of Ohio now owns 479,367 shares of the real estate investment trust’s stock valued at $11,006,000 after buying an additional 4,590 shares in the last quarter. FNY Partners Fund LP acquired a new stake in shares of American Homes 4 Rent during the first quarter valued at about $114,000. Credit Suisse AG increased its stake in shares of American Homes 4 Rent by 11.4% in the first quarter. Credit Suisse AG now owns 871,998 shares of the real estate investment trust’s stock valued at $20,022,000 after buying an additional 89,368 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of American Homes 4 Rent by 102.7% in the first quarter. Tudor Investment Corp ET AL now owns 60,963 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 30,883 shares in the last quarter. Institutional investors and hedge funds own 93.71% of the company’s stock.

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.

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.