Today, American Homes 4 Rent (AMH) Decreased to “Hold” at The Zacks Investment Research

Today, American Homes 4 Rent (AMH) Decreased to “Hold” at The Zacks Investment Research

Zacks Investment Research lowered shares of American Homes 4 Rent (NYSE:AMH) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “American Homes 4 Rent is an internally managed real estate investment trust. It is focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. It rents residential properties primarily in Arizona, California, Florida, Georgia, and Nevada. American Homes 4 Rent is based in Malibu, California. “

A number of other research firms also recently weighed in on AMH. FBR & Co boosted their price target on shares of American Homes 4 Rent from $22.00 to $26.00 and gave the stock an outperform rating in a research note on Monday, August 8th. Keefe, Bruyette & Woods boosted their price target on shares of American Homes 4 Rent from $19.00 to $22.00 and gave the stock a market perform rating in a research note on Monday, August 8th. JMP Securities began coverage on shares of American Homes 4 Rent in a research note on Tuesday, October 11th. They set an outperform rating for the company. TheStreet raised shares of American Homes 4 Rent from a sell rating to a hold rating in a research note on Monday, August 1st. Finally, Wells Fargo & Co. reissued a hold rating on shares of American Homes 4 Rent in a research note on Wednesday, August 17th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. American Homes 4 Rent currently has an average rating of Hold and an average target price of $23.60.

Shares of American Homes 4 Rent (NYSE:AMH) opened at 21.27 on Wednesday. The firm’s 50 day moving average is $20.83 and its 200-day moving average is $20.59. American Homes 4 Rent has a 52 week low of $13.16 and a 52 week high of $22.99. The firm’s market cap is $5.07 billion.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, November 3rd. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. American Homes 4 Rent had a negative net margin of 2.47% and a negative return on equity of 0.45%. The company earned $236.10 million during the quarter, compared to the consensus estimate of $49.46 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The company’s revenue was up 36.8% on a year-over-year basis. Equities research analysts predict that American Homes 4 Rent will post $0.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.94%. The ex-dividend date is Tuesday, December 13th. American Homes 4 Rent’s payout ratio is presently -80.00%.

In related news, Director Tamara Hughes Gustavson purchased 80,681 shares of American Homes 4 Rent stock in a transaction dated Thursday, November 17th. The stock was bought at an average price of $20.55 per share, for a total transaction of $1,657,994.55. Following the completion of the acquisition, the director now directly owns 12,972,446 shares of the company’s stock, valued at $266,583,765.30. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jack E. Corrigan sold 91,324 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $20.97, for a total transaction of $1,915,064.28. Following the completion of the transaction, the chief operating officer now owns 100 shares of the company’s stock, valued at approximately $2,097. The disclosure for this sale can be found here. 23.31% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado boosted its position in American Homes 4 Rent by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the company’s stock valued at $116,000 after buying an additional 21 shares during the period. Janus Capital Management LLC boosted its position in American Homes 4 Rent by 0.4% in the second quarter. Janus Capital Management LLC now owns 47,600 shares of the company’s stock valued at $975,000 after buying an additional 200 shares during the period. NEXT Financial Group Inc boosted its position in American Homes 4 Rent by 2.4% in the second quarter. NEXT Financial Group Inc now owns 16,900 shares of the company’s stock valued at $346,000 after buying an additional 400 shares during the period. Highlander Capital Management LLC boosted its position in American Homes 4 Rent by 4.7% in the third quarter. Highlander Capital Management LLC now owns 11,625 shares of the company’s stock valued at $252,000 after buying an additional 525 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Homes 4 Rent by 6.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,444 shares of the company’s stock valued at $234,000 after buying an additional 701 shares during the period. Institutional investors own 95.78% of the company’s stock.

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.

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