American Homes 4 Rent (NYSE:AMH) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Wednesday, January 10th.
AMH has been the topic of several other research reports. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price objective on the stock in a report on Monday, December 4th. FBR & Co restated a “buy” rating and set a $26.00 price objective on shares of American Homes 4 Rent in a report on Friday, September 29th. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. upgraded American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 target price on the stock in a research report on Friday, December 15th. Finally, BTIG Research initiated coverage on American Homes 4 Rent in a research report on Monday, October 9th. They issued a “buy” rating and a $26.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.22.
American Homes 4 Rent (NYSE AMH) traded down $0.18 on Wednesday, hitting $20.25. 2,754,569 shares of the stock traded hands, compared to its average volume of 2,100,839. American Homes 4 Rent has a 12-month low of $20.00 and a 12-month high of $23.98. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $5,806.44, a P/E ratio of -2,025.00, a P/E/G ratio of 1.50 and a beta of 0.58.
American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data 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. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The firm had revenue of $246.80 million for the quarter, compared to the consensus estimate of $247.96 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. research analysts expect that American Homes 4 Rent will post 1.02 EPS for the current fiscal year.
In related news, Director B Wayne Et Al Hughes acquired 101,678 shares of the stock in a transaction on Tuesday, November 7th. The shares were acquired at an average price of $21.87 per share, for a total transaction of $2,223,697.86. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas N. Benham acquired 2,005 shares of the stock in a transaction on Friday, January 26th. The stock was bought at an average price of $24.80 per share, for a total transaction of $49,724.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,672,955 shares of company stock worth $35,866,168. 27.82% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in American Homes 4 Rent by 5.1% in 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 purchasing an additional 278 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in American Homes 4 Rent by 7.7% in 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 purchasing an additional 515 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in American Homes 4 Rent in the 3rd quarter worth approximately $202,000. QCM Cayman Ltd. purchased a new position in shares of American Homes 4 Rent during the 2nd quarter valued at approximately $203,000. Finally, Magnetar Financial LLC purchased a new position in shares of American Homes 4 Rent during the 3rd quarter valued at approximately $228,000. Institutional investors and hedge funds own 88.23% of the company’s stock.
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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.
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