B. Riley assumed coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research report sent to investors on Monday morning, Marketbeat reports. The firm issued a buy rating and a $26.00 price target on the real estate investment trust’s stock.

Other analysts have also issued reports about the company. Mizuho set a $22.00 price objective on American Homes 4 Rent and gave the stock a buy rating in a report on Tuesday, February 27th. BTIG Research cut their price objective on American Homes 4 Rent from $26.00 to $23.00 and set a buy rating for the company in a report on Monday, February 26th. TheStreet lowered American Homes 4 Rent from a b- rating to a c+ rating in a report on Wednesday, January 10th. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a market perform rating to an outperform rating in a report on Thursday, December 7th. Finally, Evercore ISI upgraded American Homes 4 Rent from an in-line rating to an outperform rating and set a $24.50 price objective for the company in a report on Monday, December 4th. Two equities research analysts have rated the stock with a sell rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $24.56.

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Shares of American Homes 4 Rent (NYSE:AMH) opened at $19.57 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.40. American Homes 4 Rent has a 1-year low of $18.39 and a 1-year high of $23.83. The stock has a market capitalization of $5,610.00, a price-to-earnings ratio of -244.63, a P/E/G ratio of 1.49 and a beta of 0.64.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. American Homes 4 Rent had a return on equity of 1.45% and a net margin of 8.43%. The business had revenue of $242.80 million during the quarter, compared to analyst estimates of $244.81 million. During the same period last year, the company earned $0.26 earnings per share. American Homes 4 Rent’s quarterly revenue was up 6.7% compared to the same quarter last year. analysts predict that American Homes 4 Rent will post 1.16 EPS for the current year.

American Homes 4 Rent declared that its board has authorized a stock buyback plan on Thursday, February 22nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.20 annualized dividend and a yield of 1.02%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently -250.00%.

In related news, Director Douglas N. Benham bought 2,005 shares of the business’s stock in a transaction on Friday, January 26th. The shares were bought at an average cost of $24.80 per share, for a total transaction of $49,724.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dann V. Angeloff sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $19.67, for a total value of $59,010.00. The disclosure for this sale can be found here. 27.82% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in American Homes 4 Rent by 22.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,766 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 3,674 shares in the last quarter. RMR Advisors LLC bought a new position in American Homes 4 Rent during the fourth quarter valued at about $352,000. Prudential Financial Inc. raised its holdings in American Homes 4 Rent by 7,735.8% during the third quarter. Prudential Financial Inc. now owns 1,659,629 shares of the real estate investment trust’s stock valued at $36,031,000 after buying an additional 1,638,449 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in American Homes 4 Rent by 323.3% during the fourth quarter. Teacher Retirement System of Texas now owns 80,950 shares of the real estate investment trust’s stock valued at $1,768,000 after buying an additional 61,828 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in American Homes 4 Rent by 15.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 593,499 shares of the real estate investment trust’s stock valued at $12,962,000 after buying an additional 80,137 shares in the last quarter. Institutional investors own 90.76% 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.

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

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