Today, American Homes 4 Rent (AMH) Receives “Buy” Rating from JMP Securities

Today, American Homes 4 Rent (AMH) Receives “Buy” Rating from JMP Securities

American Homes 4 Rent (NYSE:AMH)‘s stock had its “buy” rating reissued by analysts at JMP Securities in a research report issued to clients and investors on Sunday.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Wednesday, October 12th. FBR & Co reaffirmed an “outperform” rating on shares of American Homes 4 Rent in a research note on Friday, September 23rd. Raymond James Financial Inc. raised their target price on shares of American Homes 4 Rent from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 17th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $20.00 target price (up from $19.00) on shares of American Homes 4 Rent in a research note on Saturday, August 13th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $23.60.

American Homes 4 Rent (NYSE:AMH) traded up 0.33% during midday trading on Friday, hitting $21.25. 1,139,380 shares of the stock were exchanged. American Homes 4 Rent has a 1-year low of $13.16 and a 1-year high of $22.99. The stock’s market cap is $5.07 billion. The company’s 50 day moving average is $20.81 and its 200-day moving average is $20.52.

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, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $236.10 million for the quarter, compared to the consensus estimate of $49.46 million. American Homes 4 Rent had a negative net margin of 2.47% and a negative return on equity of 0.45%. American Homes 4 Rent’s quarterly revenue was up 36.8% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. On average, analysts expect that American Homes 4 Rent will post $0.97 earnings per share for the current year.

In other American Homes 4 Rent news, COO Jack E. Corrigan sold 91,324 shares of American Homes 4 Rent 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 transaction, the chief operating officer now directly owns 100 shares of the company’s stock, valued at $2,097. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tamara Hughes Gustavson purchased 80,681 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were acquired at an average cost of $20.55 per share, for a total transaction of $1,657,994.55. Following the completion of the purchase, the director now directly owns 12,972,446 shares of the company’s stock, valued at approximately $266,583,765.30. The disclosure for this purchase can be found here. Company insiders own 23.31% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AMH. Brookfield Asset Management Inc. increased its position in American Homes 4 Rent by 19.4% in the third quarter. Brookfield Asset Management Inc. now owns 6,309,209 shares of the company’s stock valued at $136,531,000 after buying an additional 1,024,311 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in American Homes 4 Rent during the third quarter valued at approximately $2,677,000. Credit Suisse AG increased its position in American Homes 4 Rent by 21.9% in the third quarter. Credit Suisse AG now owns 860,553 shares of the company’s stock valued at $18,623,000 after buying an additional 154,524 shares during the period. Pioneer Investment Management Inc. increased its position in American Homes 4 Rent by 102.1% in the third quarter. Pioneer Investment Management Inc. now owns 367,498 shares of the company’s stock valued at $7,953,000 after buying an additional 185,698 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in American Homes 4 Rent during the third quarter valued at approximately $6,116,000. 76.99% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Company Profile

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