American Homes 4 Rent (NYSE:AMH) Downgraded to C+ at TheStreet

American Homes 4 Rent (NYSE:AMH) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research note issued to investors on Wednesday, January 10th.

A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. upgraded American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Friday, December 15th. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 7th. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price for the company in a research note on Monday, December 4th. B. Riley set a $26.00 price target on American Homes 4 Rent and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Citigroup began coverage on American Homes 4 Rent in a report on Friday, October 20th. They set a “buy” rating and a $25.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. American Homes 4 Rent has an average rating of “Buy” and a consensus target price of $25.22.

American Homes 4 Rent (NYSE:AMH) traded down $0.18 during trading hours on Wednesday, reaching $20.25. The company’s stock had a trading volume of 2,754,569 shares, compared to its average volume of 2,100,839. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $5,806.44, a price-to-earnings ratio of -2,025.00, a PEG ratio of 1.50 and a beta of 0.58. American Homes 4 Rent has a one year low of $20.00 and a one year high of $23.98.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The company had revenue of $246.80 million during the quarter, compared to the consensus estimate of $247.96 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. research analysts predict that American Homes 4 Rent will post 1.02 EPS for the current fiscal year.

In related news, Director B Wayne Et Al Hughes purchased 101,678 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were bought at an average price of $21.87 per share, with a total value of $2,223,697.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas N. Benham purchased 2,005 shares of the company’s stock in a transaction on Friday, January 26th. The stock was bought at an average cost 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 three months, insiders have purchased 1,672,955 shares of company stock worth $35,866,168. 27.82% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of American Homes 4 Rent by 0.4% in the second quarter. Vanguard Group Inc. now owns 35,287,763 shares of the real estate investment trust’s stock valued at $796,445,000 after buying an additional 153,921 shares in the last quarter. FMR LLC increased its holdings in shares of American Homes 4 Rent by 35.0% in the second quarter. FMR LLC now owns 18,292,853 shares of the real estate investment trust’s stock valued at $412,870,000 after buying an additional 4,747,436 shares in the last quarter. BlackRock Inc. grew its position in American Homes 4 Rent by 16.8% during the 2nd quarter. BlackRock Inc. now owns 15,261,883 shares of the real estate investment trust’s stock worth $344,461,000 after purchasing an additional 2,189,671 shares in the last quarter. Brookfield Asset Management Inc. grew its position in American Homes 4 Rent by 29.6% during the 2nd quarter. Brookfield Asset Management Inc. now owns 7,889,445 shares of the real estate investment trust’s stock worth $178,065,000 after purchasing an additional 1,801,569 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in American Homes 4 Rent by 4.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,950,092 shares of the real estate investment trust’s stock worth $150,887,000 after purchasing an additional 298,900 shares in the last quarter. 88.23% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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