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

Other equities analysts have also recently issued research reports about the stock. FBR & Co reaffirmed a “buy” rating on shares of American Homes 4 Rent in a research report on Saturday, May 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price objective on shares of American Homes 4 Rent in a research report on Monday, May 15th. Zacks Investment Research raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Mizuho raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price objective for the company in a research report on Monday, July 10th. Finally, Evercore ISI began coverage on shares of American Homes 4 Rent in a research report on Monday, June 5th. They set an “in-line” rating and a $24.50 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.38.

Shares of American Homes 4 Rent (NYSE AMH) traded up 0.31% during mid-day trading on Friday, hitting $22.87. The company had a trading volume of 1,513,320 shares. American Homes 4 Rent has a 52-week low of $19.63 and a 52-week high of $23.98. The firm’s market capitalization is $5.92 billion. The firm has a 50-day moving average price of $22.43 and a 200 day moving average price of $22.34.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.26. The firm had revenue of $233.80 million during the quarter, compared to analysts’ expectations of $227.11 million. American Homes 4 Rent had a net margin of 1.92% and a return on equity of 0.35%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. Analysts expect that American Homes 4 Rent will post $0.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.20 annualized dividend and a yield of 0.87%. American Homes 4 Rent’s dividend payout ratio is presently -133.32%.

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In other American Homes 4 Rent news, insider Bryan Smith sold 12,432 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $22.40, for a total value of $278,476.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tamara Hughes Gustavson purchased 462,123 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average cost of $22.21 per share, with a total value of $10,263,751.83. Following the transaction, the director now directly owns 13,600,665 shares in the company, valued at $302,070,769.65. The disclosure for this purchase can be found here. Company insiders own 27.82% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of American Homes 4 Rent by 3.0% in the second quarter. State of Alaska Department of Revenue now owns 145,110 shares of the real estate investment trust’s stock valued at $3,274,000 after buying an additional 4,200 shares in the last quarter. Bank of Montreal Can boosted its position in shares of American Homes 4 Rent by 249.3% in the second quarter. Bank of Montreal Can now owns 428,244 shares of the real estate investment trust’s stock valued at $9,666,000 after buying an additional 305,641 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of American Homes 4 Rent by 0.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 149,466 shares of the real estate investment trust’s stock valued at $3,431,000 after buying an additional 850 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of American Homes 4 Rent during the first quarter valued at approximately $305,000. Finally, Public Employees Retirement System of Ohio boosted its position 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. 93.71% of the stock is owned by institutional investors.

American Homes 4 Rent Company Profile

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.

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

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