BidaskClub upgraded shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a buy rating in a research report report published on Friday morning.

AMH has been the subject of several other research reports. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $24.00 price target on shares of American Homes 4 Rent in a research note on Friday, May 5th. Mizuho raised shares of American Homes 4 Rent from a neutral rating to a buy rating and set a $25.50 price target for the company in a research note on Monday, July 10th. Zacks Investment Research downgraded shares of American Homes 4 Rent from a hold rating to a sell rating in a research note on Friday, March 31st. FBR & Co reaffirmed a buy rating on shares of American Homes 4 Rent in a research note on Wednesday, May 24th. Finally, Evercore ISI began coverage on shares of American Homes 4 Rent in a research note on Monday, June 5th. They set an in-line rating and a $24.50 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $24.38.

American Homes 4 Rent (AMH) traded down 0.04% during mid-day trading on Friday, reaching $22.97. 458,895 shares of the company’s stock were exchanged. American Homes 4 Rent has a 12 month low of $19.62 and a 12 month high of $23.98. The stock has a 50-day moving average of $22.43 and a 200-day moving average of $22.34. The firm’s market cap is $5.95 billion.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The firm had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.11 million. American Homes 4 Rent had a net margin of 5.05% and a negative return on equity of 0.14%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. Analysts anticipate that American Homes 4 Rent will post $0.07 earnings per share for the current year.

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

In other news, insider Bryan Smith sold 12,432 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $22.40, for a total transaction of $278,476.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tamara Hughes Gustavson acquired 462,123 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were purchased at an average price of $22.21 per share, with a total value of $10,263,751.83. Following the completion of the transaction, the director now owns 13,600,665 shares of the company’s stock, valued at $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 bought and sold shares of AMH. FNY Partners Fund LP purchased a new stake in American Homes 4 Rent during the first quarter valued at $114,000. PNC Financial Services Group Inc. boosted its stake 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 valued at $125,000 after buying an additional 3,423 shares during the period. Teza Capital Management LLC purchased a new stake in American Homes 4 Rent during the first quarter valued at $202,000. Dynamic Technology Lab Private Ltd purchased a new stake in American Homes 4 Rent during the first quarter valued at $236,000. Finally, Canada Pension Plan Investment Board boosted its stake in American Homes 4 Rent by 668.8% in the first quarter. Canada Pension Plan Investment Board now owns 12,300 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 10,700 shares during the period. Institutional investors own 93.82% of the company’s stock.

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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