American Homes 4 Rent (AMH) Upgraded to B by TheStreet

American Homes 4 Rent (NYSE:AMH) was upgraded by TheStreet from a “c” rating to a “b” rating in a report issued on Friday, August 4th.

Several other research firms have also recently weighed in on AMH. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, April 17th. FBR & Co reissued a “buy” rating on shares of American Homes 4 Rent in a research report on Thursday, April 13th. Evercore ISI began coverage on American Homes 4 Rent in a research report on Monday, June 5th. They set an “in-line” rating and a $24.50 price objective for the company. BidaskClub cut American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 price target on shares of American Homes 4 Rent in a report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. American Homes 4 Rent has a consensus rating of “Hold” and an average target price of $25.00.

American Homes 4 Rent (NYSE:AMH) opened at 22.74 on Friday. The stock’s 50 day moving average price is $22.71 and its 200 day moving average price is $22.80. The stock’s market cap is $5.92 billion. American Homes 4 Rent has a 12-month low of $19.63 and a 12-month high of $23.98.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.04. American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The business had revenue of $237 million for the quarter, compared to analyst estimates of $236.28 million. During the same period in the prior year, the firm posted $0.25 EPS. American Homes 4 Rent’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts forecast that American Homes 4 Rent will post $0.05 EPS for the current fiscal year.

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In other news, insider Bryan Smith sold 12,432 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $22.40, for a total value of $278,476.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 27.82% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. FNY Partners Fund LP acquired a new stake in American Homes 4 Rent during the first quarter worth approximately $114,000. PNC Financial Services Group Inc. raised its stake in American Homes 4 Rent by 169.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 3,423 shares during the period. Public Employees Retirement Association of Colorado raised its stake in American Homes 4 Rent by 35.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 1,848 shares during the period. The Manufacturers Life Insurance Company raised its stake in American Homes 4 Rent by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 515 shares during the period. Finally, Teza Capital Management LLC acquired a new stake in American Homes 4 Rent during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 92.20% of the company’s stock.

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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