American Homes 4 Rent (NYSE:AMH) Raised to Neutral at Zelman & Associates

American Homes 4 Rent (NYSE:AMH) was upgraded by stock analysts at Zelman & Associates from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Benzinga reports.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Morgan Stanley dropped their target price on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Barclays dropped their target price on shares of American Homes 4 Rent from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 14th. Jefferies Financial Group raised shares of American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Scotiabank decreased their price target on shares of American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.94.

American Homes 4 Rent Stock Up 1.5%

NYSE:AMH opened at $33.10 on Friday. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.07. The company has a market cap of $11.94 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 4.98 and a beta of 0.76. The stock has a fifty day simple moving average of $31.48 and a 200-day simple moving average of $31.62. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.32. The firm had revenue of $498.07 million during the quarter, compared to analyst estimates of $488.73 million. American Homes 4 Rent had a net margin of 24.17% and a return on equity of 6.03%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. Analysts anticipate that American Homes 4 Rent will post 1.91 EPS for the current year.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Jack Corrigan purchased 8,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the acquisition, the director owned 25,000 shares in the company, valued at $537,250. This represents a 47.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 15,000 shares of company stock valued at $328,040 in the last 90 days. 5.70% of the stock is owned by corporate insiders.

Institutional Trading of American Homes 4 Rent

Several institutional investors and hedge funds have recently bought and sold shares of AMH. OMERS ADMINISTRATION Corp raised its stake in American Homes 4 Rent by 3.6% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 424 shares during the last quarter. Assetmark Inc. boosted its stake in American Homes 4 Rent by 7.2% during the 1st quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 431 shares during the last quarter. Abel Hall LLC boosted its stake in American Homes 4 Rent by 2.8% during the 3rd quarter. Abel Hall LLC now owns 17,159 shares of the real estate investment trust’s stock worth $521,000 after purchasing an additional 469 shares during the last quarter. Bessemer Group Inc. boosted its stake in American Homes 4 Rent by 70.3% during the 1st quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 483 shares during the last quarter. Finally, Allstate Corp grew its holdings in shares of American Homes 4 Rent by 2.4% during the second quarter. Allstate Corp now owns 26,222 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 622 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.