American Homes 4 Rent (NYSE:AMH) was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Friday.

Other research analysts also recently issued reports about the company. B. Riley reaffirmed a “buy” rating on shares of American Homes 4 Rent in a report on Wednesday, November 1st. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. BidaskClub raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Keefe, Bruyette & Woods raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a report on Thursday, December 7th. Finally, Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price target on the stock in a report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. American Homes 4 Rent currently has a consensus rating of “Buy” and a consensus target price of $25.13.

American Homes 4 Rent (NYSE:AMH) opened at $22.01 on Friday. The stock has a market capitalization of $6,282.43, a price-to-earnings ratio of 21.27, a PEG ratio of 1.86 and a beta of 0.68. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40. American Homes 4 Rent has a 1-year low of $19.62 and a 1-year high of $23.98.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $246.80 million for the quarter, compared to the consensus estimate of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. analysts predict that American Homes 4 Rent will post 1.03 EPS for the current year.

In other news, Director B Wayne Et Al Hughes acquired 802,745 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, December 7th. The stock was bought at an average price of $21.30 per share, for a total transaction of $17,098,468.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have purchased 1,670,950 shares of company stock valued at $35,816,444. 27.82% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado increased its position in American Homes 4 Rent by 35.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 1,848 shares in the last quarter. Great West Life Assurance Co. Can increased its position in American Homes 4 Rent by 7.3% in the second quarter. Great West Life Assurance Co. Can now owns 135,825 shares of the real estate investment trust’s stock worth $3,063,000 after buying an additional 9,259 shares in the last quarter. Canada Pension Plan Investment Board increased its position in American Homes 4 Rent by 3,139.0% in the second quarter. Canada Pension Plan Investment Board now owns 398,400 shares of the real estate investment trust’s stock worth $8,992,000 after buying an additional 386,100 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in American Homes 4 Rent by 14.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,417,232 shares of the real estate investment trust’s stock worth $54,557,000 after buying an additional 308,006 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in American Homes 4 Rent by 5.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,069 shares of the real estate investment trust’s stock worth $792,000 after buying an additional 1,850 shares in the last quarter. Institutional investors own 88.22% of the company’s stock.

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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.

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

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