American Homes 4 Rent (NYSE:AMH) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $24.80.

A number of analysts recently issued reports on the company. FBR & Co reissued a “buy” rating on shares of American Homes 4 Rent in a research report on Saturday, May 6th. Zacks Investment Research cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price objective on shares of American Homes 4 Rent in a research report on Monday, May 15th. Finally, BidaskClub raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th.

American Homes 4 Rent (NYSE AMH) traded up 0.50% during trading on Tuesday, hitting $22.27. The stock had a trading volume of 262,704 shares. American Homes 4 Rent has a 1-year low of $19.62 and a 1-year high of $23.98. The firm’s market cap is $5.80 billion. The firm’s 50 day moving average is $22.67 and its 200 day moving average is $22.79.

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

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

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In other American Homes 4 Rent news, insider Bryan Smith sold 12,432 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $22.40, for a total value of $278,476.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 27.82% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D boosted its stake in shares of American Homes 4 Rent by 20.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 60,000 shares of the real estate investment trust’s stock worth $1,378,000 after buying an additional 10,000 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in shares of American Homes 4 Rent by 53.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 48,438 shares of the real estate investment trust’s stock worth $1,112,000 after buying an additional 16,787 shares in the last quarter. Wells Fargo & Company MN boosted its stake 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 worth $7,916,000 after buying an additional 176,711 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of 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 worth $282,000 after buying an additional 10,700 shares in the last quarter. Finally, Honeywell International Inc. boosted its stake in shares of American Homes 4 Rent by 6.0% in the first quarter. Honeywell International Inc. now owns 87,450 shares of the real estate investment trust’s stock worth $2,008,000 after buying an additional 4,950 shares in the last quarter. 93.74% of the stock is owned by institutional investors.

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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