American Homes 4 Rent (NYSE:AMH) was upgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a $26.00 target price on the real estate investment trust’s stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 18.13% from the company’s current price.

AMH has been the subject of several other reports. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price target for the company in a research note on Monday, December 4th. Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. FBR & Co reiterated a “buy” rating and issued a $26.00 price target on shares of American Homes 4 Rent in a research note on Friday, September 29th. Finally, Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. American Homes 4 Rent presently has a consensus rating of “Buy” and an average price target of $25.22.

Shares of American Homes 4 Rent (NYSE:AMH) traded up $0.10 during trading on Friday, hitting $22.01. 1,800,600 shares of the company traded hands, compared to its average volume of 2,015,844. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $6,282.43, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 1.86 and a beta of 0.68. American Homes 4 Rent has a 52 week low of $19.62 and a 52 week high of $23.98.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $246.80 million during the quarter, compared to analyst estimates of $247.96 million. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. American Homes 4 Rent’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. equities analysts anticipate that American Homes 4 Rent will post 1.03 EPS for the current fiscal year.

In related news, Director B Wayne Et Al Hughes purchased 4,550 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $22.00 per share, with a total value of $100,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 1,670,950 shares of company stock worth $35,816,444 over the last three months. 27.82% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in AMH. Public Employees Retirement Association of Colorado boosted its holdings in shares of American Homes 4 Rent by 35.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 1,848 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of American Homes 4 Rent by 7.3% in the second quarter. Great West Life Assurance Co. Can now owns 135,825 shares of the real estate investment trust’s stock worth $3,063,000 after buying an additional 9,259 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of American Homes 4 Rent by 3,139.0% in the second quarter. Canada Pension Plan Investment Board now owns 398,400 shares of the real estate investment trust’s stock worth $8,992,000 after buying an additional 386,100 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of American Homes 4 Rent by 14.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,417,232 shares of the real estate investment trust’s stock worth $54,557,000 after buying an additional 308,006 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of American Homes 4 Rent by 5.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,069 shares of the real estate investment trust’s stock worth $792,000 after buying an additional 1,850 shares during the last quarter. 88.22% of the stock is currently owned by hedge funds and other institutional investors.

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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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