J P Morgan Chase & Co upgraded shares of American Homes 4 Rent (NYSE:AMH) from a neutral rating to an overweight rating in a research note published on Friday. They currently have $26.00 price objective on the real estate investment trust’s stock.

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

American Homes 4 Rent (NYSE:AMH) traded up $0.24 during midday trading on Friday, reaching $22.25. The company’s stock had a trading volume of 1,848,396 shares, compared to its average volume of 1,601,252. The company has a market cap of $6,311.10, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. American Homes 4 Rent has a 12-month low of $19.76 and a 12-month high of $23.98.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. sell-side analysts forecast that American Homes 4 Rent will post 1.03 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Friday, December 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.90%. American Homes 4 Rent’s payout ratio is -2,000.00%.

In related news, Director B Wayne Et Al Hughes bought 4,550 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was purchased at an average cost of $22.00 per share, for a total transaction of $100,100.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 1,670,950 shares of company stock valued at $35,816,444. Corporate insiders own 27.82% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in shares of American Homes 4 Rent by 5.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 278 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in American Homes 4 Rent by 1.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,405 shares of the real estate investment trust’s stock worth $415,000 after purchasing an additional 280 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in American Homes 4 Rent by 7.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 515 shares in the last quarter. GAM Holding AG increased its holdings in American Homes 4 Rent by 4.8% in the 2nd quarter. GAM Holding AG now owns 19,436 shares of the real estate investment trust’s stock worth $439,000 after purchasing an additional 897 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in American Homes 4 Rent by 8.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,535 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 1,251 shares in the last quarter. Institutional investors and hedge funds own 88.22% of the company’s stock.

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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.

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

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