American Homes 4 Rent (NYSE:AMH – Get Rating) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Thursday.
Other research analysts have also recently issued reports about the company. Capital One Financial started coverage on American Homes 4 Rent in a research note on Friday, July 8th. They issued an "overweight" rating and a $43.00 price objective for the company. Raymond James reiterated a "strong-buy" rating and set a $45.00 price target (down from $48.00) on shares of American Homes 4 Rent in a research report on Thursday, June 23rd. Oppenheimer started coverage on American Homes 4 Rent in a research report on Monday, July 18th. They set a "market perform" rating and a $35.00 price target for the company. Mizuho reduced their price target on American Homes 4 Rent from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday, July 6th. Finally, Credit Suisse Group reduced their price target on American Homes 4 Rent from $44.00 to $36.00 and set a "neutral" rating for the company in a research report on Thursday, June 23rd. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.07.
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American Homes 4 Rent Stock Up 0.2 %
American Homes 4 Rent stock traded up $0.08 during midday trading on Thursday, reaching $34.02. The company's stock had a trading volume of 2,273,545 shares, compared to its average volume of 2,596,861. The stock's 50-day simple moving average is $36.54 and its 200-day simple moving average is $37.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.52 and a quick ratio of 0.52. American Homes 4 Rent has a 52-week low of $32.60 and a 52-week high of $44.07. The stock has a market capitalization of $11.85 billion, a P/E ratio of 59.69, a PEG ratio of 3.13 and a beta of 0.60.
American Homes 4 Rent (NYSE:AMH – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.22). American Homes 4 Rent had a net
margin of 15.67% and a return on equity of 3.46%. The business had revenue of $361.90 million during the quarter, compared to analysts' expectations of $362.35 million. During the same quarter last year, the business posted $0.33 earnings per share. The company's quarterly revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts expect that American Homes 4 Rent will post 1.56 EPS for the current year.
Insider Transactions at American Homes 4 Rent
In other news, COO Bryan Smith sold 5,519 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $35.67, for a total value of $196,862.73. Following the sale, the chief operating officer now directly owns 81,287 shares of the company's stock, valued at $2,899,507.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Tamara Hughes Gustavson purchased 281,695 shares of the stock in a transaction dated Wednesday, September 7th. The shares were purchased at an average cost of $36.40 per share, with a total value of $10,253,698.00. Following the completion of the purchase, the director now directly owns 269,470 shares of the company's stock, valued at approximately $9,808,708. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Bryan Smith sold 5,519 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $35.67, for a total value of $196,862.73. Following the completion of the sale, the chief operating officer now directly owns 81,287 shares in the company, valued at $2,899,507.29. The disclosure for this sale can be found here. Corporate insiders own 6.03% of the company's stock.
Institutional Trading of American Homes 4 Rent
Institutional investors have recently made changes to their positions in the company. Ellevest Inc. lifted its position in American Homes 4 Rent by 86.2% during the second quarter. Ellevest Inc. now owns 728 shares of the real estate investment trust's stock worth $26,000 after buying an additional 337 shares in the last quarter. UMB Bank N A MO purchased a new position in American Homes 4 Rent during the first quarter worth approximately $27,000. Arlington Partners LLC purchased a new position in American Homes 4 Rent during the second quarter worth approximately $27,000. Charter Oak Capital Management LLC purchased a new position in American Homes 4 Rent during the second quarter worth approximately $31,000. Finally, Allworth Financial LP purchased a new position in American Homes 4 Rent during the first quarter worth approximately $32,000. 88.49% of the stock is owned by institutional investors and hedge funds.
About American Homes 4 Rent
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American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
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