BidaskClub lowered shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a sell rating in a research note published on Friday.

A number of other research firms also recently weighed in on AMH. Evercore ISI began coverage on shares of American Homes 4 Rent in a research report on Monday, June 5th. They issued an in-line rating and a $24.50 price target for the company. Zacks Investment Research upgraded shares of American Homes 4 Rent from a sell rating to a hold rating in a research report on Monday, July 24th. FBR & Co reiterated a buy rating on shares of American Homes 4 Rent in a research report on Wednesday, May 24th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $24.00 price target on shares of American Homes 4 Rent in a research report on Friday, May 5th. Finally, TheStreet upgraded shares of American Homes 4 Rent from a c rating to a b rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $25.00.

Shares of American Homes 4 Rent (AMH) opened at 22.30 on Friday. The firm’s 50-day moving average price is $22.72 and its 200 day moving average price is $22.81. The stock’s market capitalization is $5.81 billion. American Homes 4 Rent has a 12-month low of $19.62 and a 12-month high of $23.98.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by $0.04. American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.70%. The business had revenue of $237 million during the quarter, compared to analyst estimates of $236.28 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts predict that American Homes 4 Rent will post $0.06 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.90%. American Homes 4 Rent’s dividend payout ratio is currently -181.82%.

In other American Homes 4 Rent news, insider Bryan Smith sold 12,432 shares of the business’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 transaction of $278,476.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 27.82% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMH. Bank of Montreal Can increased 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. BlackRock Inc. increased its position in shares of 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 valued at $300,137,000 after buying an additional 12,671,722 shares in the last quarter. Principal Financial Group Inc. increased its position 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 valued at $56,956,000 after buying an additional 2,017,079 shares in the last quarter. State Street Corp increased its position in shares of American Homes 4 Rent by 18.2% in the first quarter. State Street Corp now owns 6,066,593 shares of the real estate investment trust’s stock valued at $139,286,000 after buying an additional 935,598 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of American Homes 4 Rent by 105.1% in the first quarter. Wells Fargo & Company MN now owns 344,780 shares of the real estate investment trust’s stock valued at $7,916,000 after buying an additional 176,711 shares in the last quarter. Institutional investors and hedge funds own 93.74% 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.

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

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