American Homes 4 Rent (AMH) Rating Increased to Outperform at Evercore ISI

Evercore ISI upgraded shares of American Homes 4 Rent (NYSE:AMH) from an in-line rating to an outperform rating in a research report report published on Monday morning, Marketbeat Ratings reports. Evercore ISI currently has $24.50 price objective on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on AMH. B. Riley set a $26.00 price target on American Homes 4 Rent and gave the stock a buy rating in a research report on Tuesday, November 14th. Citigroup began coverage on American Homes 4 Rent in a research report on Friday, October 20th. They set a buy rating and a $25.00 price objective on the stock. BTIG Research initiated coverage on American Homes 4 Rent in a research report on Monday, October 9th. They set a buy rating and a $26.00 price objective on the stock. FBR & Co restated a buy rating and set a $26.00 target price on shares of American Homes 4 Rent in a research note on Friday, September 29th. Finally, BidaskClub downgraded American Homes 4 Rent from a hold rating to a sell rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. American Homes 4 Rent has an average rating of Buy and an average price target of $25.13.

Shares of American Homes 4 Rent (AMH) traded up $0.11 during mid-day trading on Monday, hitting $21.42. 844,600 shares of the stock traded hands, compared to its average volume of 2,022,454. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. American Homes 4 Rent has a twelve month low of $19.62 and a twelve month high of $23.98. The company has a market capitalization of $6,110.39, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.80 and a beta of 0.68.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The firm had revenue of $246.80 million for the quarter, compared to the consensus estimate of $247.96 million. During the same quarter last year, the firm posted $0.24 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. equities research analysts expect 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. Investors of record on Tuesday, January 2nd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. American Homes 4 Rent’s payout ratio is presently -2,000.00%.

In related news, Director B Wayne Et Al Hughes purchased 101,678 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average price of $21.87 per share, for a total transaction of $2,223,697.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 3,038,600 shares of company stock valued at $65,685,192 in the last 90 days. 27.82% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado lifted its position in American Homes 4 Rent by 35.0% during the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 1,848 shares during the period. NGAM Advisors L.P. increased its position in shares of American Homes 4 Rent by 16.1% during the 2nd quarter. NGAM Advisors L.P. now owns 228,442 shares of the real estate investment trust’s stock valued at $5,156,000 after purchasing an additional 31,726 shares during the last quarter. Great West Life Assurance Co. Can grew its position in American Homes 4 Rent by 7.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 135,825 shares of the real estate investment trust’s stock valued at $3,063,000 after acquiring an additional 9,259 shares during the last quarter. Pioneer Investment Management Inc. grew its position in shares of American Homes 4 Rent by 102.3% during the 2nd quarter. Pioneer Investment Management Inc. now owns 941,902 shares of the real estate investment trust’s stock worth $21,259,000 after buying an additional 476,414 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its stake in shares of American Homes 4 Rent by 7.0% during the 2nd quarter. New Mexico Educational Retirement Board now owns 33,632 shares of the real estate investment trust’s stock worth $774,000 after purchasing an additional 2,200 shares during the last quarter. Institutional investors own 88.22% of the company’s stock.

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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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