American Homes 4 Rent (NYSE:AMH) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, The Fly reports.

Other research analysts have also recently issued reports about the company. B. Riley reaffirmed a “buy” rating on shares of American Homes 4 Rent in a research note on Wednesday, November 1st. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. BidaskClub raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price objective on the stock in a research note on Monday. Finally, Citigroup began coverage on American Homes 4 Rent in a research note on Friday, October 20th. They set a “buy” rating and a $25.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. American Homes 4 Rent presently has a consensus rating of “Buy” and a consensus price target of $25.13.

Shares of American Homes 4 Rent (AMH) traded up $0.11 during trading hours on Thursday, hitting $21.42. The stock had a trading volume of 844,688 shares, compared to its average volume of 2,022,454. American Homes 4 Rent has a 52-week low of $19.62 and a 52-week high of $23.98. The company has a market capitalization of $6,113.25, a PE ratio of 20.70, a P/E/G ratio of 1.80 and a beta of 0.68. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The firm had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $247.96 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. research analysts expect that American Homes 4 Rent will post 1.03 EPS for the current fiscal year.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes bought 469,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average cost of $21.30 per share, with a total value of $9,989,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 3,038,600 shares of company stock worth $65,685,192 over the last three months. 27.82% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Benjamin F. Edwards & Company purchased a new stake in American Homes 4 Rent in the fourth quarter worth about $0. FNY Partners Fund LP purchased a new stake in American Homes 4 Rent in the first quarter worth about $114,000. Public Employees Retirement Association of Colorado lifted its holdings in American Homes 4 Rent by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 21 shares during the period. PNC Financial Services Group Inc. lifted its holdings in American Homes 4 Rent by 169.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 3,423 shares during the period. Finally, BlackRock Japan Co. Ltd lifted its holdings in American Homes 4 Rent by 19.4% in the first quarter. BlackRock Japan Co. Ltd now owns 9,719 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 1,581 shares during the period. 88.22% of the stock is currently owned by institutional investors.

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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.

The Fly

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

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