American Homes 4 Rent (NYSE:AMH) was upgraded by Zacks Investment Research 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. “

A number of other analysts have also recently weighed in on AMH. FBR & Co reiterated a “buy” rating on shares of American Homes 4 Rent in a research report on Saturday, May 6th. BidaskClub upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Mizuho upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 target price on the stock in a report on Monday, July 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 target price on shares of American Homes 4 Rent in a report on Friday, May 5th. Finally, Evercore ISI assumed coverage on American Homes 4 Rent in a report on Monday, June 5th. They set an “in-line” rating and a $24.50 target price on the stock. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $24.38.

Shares of American Homes 4 Rent (NYSE:AMH) traded up 0.48% during trading on Monday, hitting $23.11. 1,602,692 shares of the stock traded hands. American Homes 4 Rent has a 52 week low of $19.62 and a 52 week high of $23.98. The company’s market cap is $5.98 billion. The firm’s 50-day moving average price is $22.56 and its 200-day moving average price is $22.57.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. American Homes 4 Rent had a return on equity of 0.35% and a net margin of 1.92%. The firm had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.11 million. During the same period in the prior year, the business posted $0.23 earnings per share. The business’s revenue was up 19.9% compared to the same quarter last year. On average, equities research analysts anticipate that American Homes 4 Rent will post $0.06 earnings per share for the current year.

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In other American Homes 4 Rent news, insider Bryan Smith sold 12,432 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $22.40, for a total value of $278,476.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tamara Hughes Gustavson bought 462,123 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was bought at an average cost of $22.21 per share, for a total transaction of $10,263,751.83. Following the purchase, the director now directly owns 13,600,665 shares of the company’s stock, valued at approximately $302,070,769.65. The disclosure for this purchase can be found here. Corporate insiders own 27.82% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AMH. BlackRock Inc. raised its stake in American Homes 4 Rent by 3,164.1% in the first quarter. BlackRock Inc. now owns 13,072,212 shares of the real estate investment trust’s stock worth $300,137,000 after buying an additional 12,671,722 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of American Homes 4 Rent by 7.3% in the first quarter. Vanguard Group Inc. now owns 35,133,842 shares of the real estate investment trust’s stock worth $806,673,000 after buying an additional 2,386,955 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of American Homes 4 Rent by 435.1% in the first quarter. Principal Financial Group Inc. now owns 2,480,682 shares of the real estate investment trust’s stock worth $56,956,000 after buying an additional 2,017,079 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of American Homes 4 Rent by 34.5% in the first quarter. Ameriprise Financial Inc. now owns 6,515,282 shares of the real estate investment trust’s stock worth $149,568,000 after buying an additional 1,670,871 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of American Homes 4 Rent by 518.3% in the first quarter. Citadel Advisors LLC now owns 1,699,881 shares of the real estate investment trust’s stock worth $39,029,000 after buying an additional 1,424,952 shares in the last quarter. 93.80% of the stock is currently owned by institutional investors.

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.

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

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