Shares of American Homes 4 Rent (NYSE:AMH) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $23.58.

A number of equities research analysts recently commented on AMH shares. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. FBR & Co reiterated a “buy” rating on shares of American Homes 4 Rent in a research report on Thursday, April 13th. Credit Suisse Group started coverage on American Homes 4 Rent in a research report on Monday, February 27th. They issued a “neutral” rating and a $24.00 target price on the stock. Evercore ISI started coverage on American Homes 4 Rent in a research report on Monday, June 5th. They issued an “in-line” rating and a $24.50 target price on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 target price on shares of American Homes 4 Rent in a research report on Monday, May 15th.

In related news, Director B Wayne Et Al Hughes acquired 2,192,982 shares of the stock in a transaction on Wednesday, March 22nd. The shares were acquired at an average price of $22.80 per share, for a total transaction of $49,999,989.60. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Tamara Hughes Gustavson acquired 462,123 shares of the stock in a transaction on Tuesday, May 9th. The stock was bought at an average price of $22.21 per share, for a total transaction of $10,263,751.83. Following the transaction, the director now owns 13,600,665 shares in the company, 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.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in 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 valued at $806,673,000 after buying an additional 2,386,955 shares in the last quarter. FMR LLC raised its stake in American Homes 4 Rent by 22.4% in the fourth quarter. FMR LLC now owns 13,577,744 shares of the real estate investment trust’s stock valued at $284,862,000 after buying an additional 2,480,498 shares in the last quarter. 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 valued at $300,137,000 after buying an additional 12,671,722 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in American Homes 4 Rent by 2.5% in the first quarter. Daiwa Securities Group Inc. now owns 8,968,726 shares of the real estate investment trust’s stock valued at $205,922,000 after buying an additional 219,267 shares in the last quarter. Finally, Brookfield Asset Management Inc. raised its stake in American Homes 4 Rent by 5.0% in the fourth quarter. Brookfield Asset Management Inc. now owns 6,625,576 shares of the real estate investment trust’s stock valued at $139,005,000 after buying an additional 316,367 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

Shares of American Homes 4 Rent (NYSE:AMH) traded up 0.67% during mid-day trading on Tuesday, hitting $22.57. 3,289,777 shares of the stock were exchanged. American Homes 4 Rent has a 12 month low of $18.40 and a 12 month high of $23.98. The stock’s market cap is $5.84 billion. The stock’s 50 day moving average is $22.46 and its 200-day moving average is $22.24.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, May 4th. The real estate investment trust reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. The firm had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.11 million. American Homes 4 Rent had a return on equity of 0.35% and a net margin of 1.92%. American Homes 4 Rent’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. On average, analysts anticipate that American Homes 4 Rent will post $0.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a $0.05 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.20 annualized dividend and a yield of 0.89%. American Homes 4 Rent’s dividend payout ratio is presently -133.32%.

TRADEMARK VIOLATION WARNING: This article was published by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.watchlistnews.com/american-homes-4-rent-amh-receives-23-58-average-price-target-from-brokerages/1372734.html.

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.

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with Analyst Ratings Network's FREE daily email newsletter.