American Homes 4 Rent (NYSE:AMH) Promoted by StockNews.com to Retain

American Homes 4 for Rent (NYSE: AMH – Get Rating) StockNews.com was upgraded from a “sell” rating to a “hold” rating in a report released on Thursday.

Other stock analysts have also released research reports about the company. Raymond James reaffirmed a “strong buy” rating and issued a price target of $45.00 (previously down from $48.00) for shares of American Homes 4 Rent in a research report on Thursday, June 23rd. Morgan Stanley raised its target price on American Homes 4 Rent from $37.50 to $39.00 and gave the stock an “equal” rating in a research report on Thursday, August 25th. Capital One Financial began coverage of American Homes 4 Rent in a research report on Friday, July 8. They issued an “overweight” rating and a $43.00 price target for the company. Mizuho lowered its price target on American Homes 4 Rent from $44.00 to $42.00 and assigned a “buy” rating to the company in a research report on Wednesday, July 6th. Finally, Oppenheimer began covering American Homes 4 Rent in a research report on Monday, July 18. They issued a “market performance” rating and a $35.00 target price for the company. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given the company a strong buy rating. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a price target of $42.07.

Rental prices for American Homes 4 increased by 0.2%.

New York Stock Exchange: AMH traded up $0.08 during trading hours on Thursday, reaching $34.02. The company’s trading volume was 2,273,545 shares, compared to an average trading volume of 2,596,861. The company has a market capitalization of $11.85 billion, a PE ratio of 59.69, a price-earnings ratio of 3.13 and a beta of 0.60. The 50-day moving average is $36.54 and the 200-day moving average is $37.41. American Homes 4 Rent has a 52-week low of $32.60 and a 52-week high of $44.07. The company’s debt-to-equity ratio is 0.63, the trading ratio is 0.52 and the velocity ratio is 0.52.

American Homes 4 Rent (NYSE: AMH – Get Rating) last announced its quarterly earnings data on Thursday, August 4. The REIT reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.38 ($0.22). The company generated $361.90 million in revenue for the quarter, compared to analysts’ expectations of $362.35 million. American Homes 4 Rent generated a net profit margin of 15.67% and a return on equity of 3.46%. Quarterly revenue for the business was up 15.4% compared to the same quarter last year. During the same period the previous year, the company reported $0.33 earnings per share. On average, equity research analysts expect American Homes 4 Rent to post 1.56 EPS for the current fiscal year.

Insider Activity at American Homes 4 Rent

In related news, COO Brian Smith sold 5,519 shares of the company’s stock in a transaction that took place on Thursday, September 15th. The stock sold at an average price of $35.67, for a total transaction of $196,862.73. Following the completion of the transaction, the COO now directly owns 81,287 shares of the company, valued at approximately $2,899,507.29. The sale was disclosed on file with the SEC, which is available at this hyperlink. In other news for American Homes 4 Rent, director Tamara Hughes Gustavson purchased 281,695 shares of the company’s stock in a transaction on Wednesday, September 7. The stock was acquired at an average cost of $36.40 per share, for a total transaction of $10,253,698.00. Following the purchase, the Director now directly owns 269,470 shares of the company’s stock, valued at approximately $9,808,708. The acquisition was disclosed in a document filed with the Securities and Exchange Commission, which is available through this link. Also, COO Brian Smith sold 5,519 shares of the company’s stock in a transaction that took place on Thursday, September 15th. The stock sold for an average price of $35.67, with a total value of $196,862.73. Following completion of the transaction, the chief operating officer now owns 81,287 shares of the company’s stock, valued at $2,899,507.29. The disclosure of this sale can be found here. 6.03% of the shares are currently owned by corporate insiders.

Institutional inflows and outflows

Hedge funds and other institutional investors have recently added or reduced their stakes in the business. Ellevest Inc raised its stake in American Homes 4 Rent by 86.2% during the second quarter. Ellevest Inc. owns. Now 728 shares of REIT stock are valued at $26,000 after purchasing an additional 337 shares during this period. Oppenheimer Asset Management increased its position in shares of American Homes 4 Rent by 0.3% during the first quarter. Oppenheimer Asset Management now owns 114,931 shares of REIT stock valued at $4,601,000 after purchasing an additional 358 shares in the last quarter. Family Management Corp grew its position in shares of American Homes 4 Rent Inc by 0.7% during the first quarter. Family Management Corp. now owns 54,815 shares of REIT stock valued at $2,194,000 after purchasing an additional 363 shares in the last quarter. Hotaling Investment Management LLC grew its position in shares of American Homes 4 Rent by 6.5% during the first quarter. Hotaling Investment Management LLC now owns 6,349 shares of REIT stock valued at $254,000 after purchasing an additional 389 shares in the last quarter. Finally, Creative Planning boosted its position in shares of American Homes 4 Rent Inc by 5.0% during the second quarter. Creative Planning now owns 11,245 shares of REIT stock valued at $399,000 after purchasing an additional 537 shares in the last quarter. 88.49% of the shares are currently owned by institutional investors.

About American Homes 4 for rent

(Get Rating)

American Homes 4 Rent (NYSE: AMH) is a leading company in the single-family home rental industry, and “American Homes 4 Rent” is quickly becoming a nationally recognized home rental brand, known for high quality, good value and tenant satisfaction. We are a Maryland Internally Managed Real Estate Investment Corporation, or REIT, focused on the acquisition, development, renovation, leasing and operation of attractive single family homes as rental properties.

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