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

AMH has been the subject of a number of other reports. 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 target price for the company. FBR & Co reiterated a buy rating and set a $26.00 target price on shares of American Homes 4 Rent in a research report on Friday, September 29th. Citigroup initiated coverage on American Homes 4 Rent in a research report on Friday, October 20th. They set a buy rating and a $25.00 target price for the company. BidaskClub downgraded American Homes 4 Rent from a hold rating to a sell rating in a research report on Friday, August 25th. Finally, B. Riley set a $26.00 target price on American Homes 4 Rent and gave the company a buy rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. American Homes 4 Rent currently has a consensus rating of Buy and a consensus price target of $25.13.

American Homes 4 Rent (NYSE:AMH) traded up $0.03 on Monday, reaching $21.59. The company had a trading volume of 1,985,800 shares, compared to its average volume of 2,027,447. The company has a market cap of $6,100.00, a P/E ratio of 20.93, a PEG ratio of 1.82 and a beta of 0.68. American Homes 4 Rent has a twelve month low of $19.62 and a twelve month high of $23.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $246.80 million during the quarter, compared to the consensus estimate of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. sell-side analysts predict that American Homes 4 Rent will post 1.03 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.05 per share. The ex-dividend date 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 2,000.00%.

In related news, Director B Wayne Et Al Hughes bought 292,977 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $21.86 per share, for a total transaction of $6,404,477.22. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 1,766,855 shares of company stock valued at $38,597,023. Corporate insiders own 27.82% of the company’s stock.

Several hedge funds have recently made changes to their positions in AMH. PNC Financial Services Group Inc. lifted its position in shares of American Homes 4 Rent by 5.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 278 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of American Homes 4 Rent by 35.0% during the 2nd 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 last quarter. The Manufacturers Life Insurance Company lifted its position in shares of American Homes 4 Rent by 7.7% during the 2nd 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 last quarter. CIBC Asset Management Inc bought a new stake in shares of American Homes 4 Rent during the 3rd quarter worth $202,000. Finally, QCM Cayman Ltd. bought a new stake in shares of American Homes 4 Rent during the 2nd quarter worth $203,000. Institutional investors and hedge funds 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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