American Homes 4 Rent (AMH) Raised to Overweight at J P Morgan Chase & Co

J P Morgan Chase & Co upgraded shares of American Homes 4 Rent (NYSE:AMH) from a neutral rating to an overweight rating in a report published on Friday morning, MarketBeat reports. The firm currently has $26.00 price target on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of American Homes 4 Rent from a market perform rating to an outperform rating in a report on Thursday, December 7th. Evercore ISI upgraded shares of American Homes 4 Rent from an in-line rating to an outperform rating and set a $24.50 price target for the company in a report on Monday, December 4th. B. Riley set a $26.00 price target on shares of American Homes 4 Rent and gave the company a buy rating in a report on Tuesday, November 14th. Citigroup began coverage on shares of American Homes 4 Rent in a report on Friday, October 20th. They set a buy rating and a $25.00 target price for the company. Finally, BTIG Research began coverage on shares of American Homes 4 Rent in a report on Monday, October 9th. They set a buy rating and a $26.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $25.22.

American Homes 4 Rent (NYSE AMH) opened at $22.25 on Friday. The firm has a market cap of $6,379.92, a P/E ratio of 21.60, a PEG ratio of 1.89 and a beta of 0.68. American Homes 4 Rent has a 1-year low of $19.76 and a 1-year high of $23.98. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $246.80 million during the quarter, compared to analysts’ expectations of $247.96 million. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. sell-side analysts expect that American Homes 4 Rent will post 1.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, December 29th. American Homes 4 Rent’s payout ratio is -2,000.00%.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes bought 802,745 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, December 7th. The stock was acquired 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 available at this hyperlink. Insiders have purchased 1,670,950 shares of company stock valued at $35,816,444 in the last 90 days. 27.82% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in American Homes 4 Rent by 5.1% in the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 278 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in American Homes 4 Rent by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 18,405 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 280 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in American Homes 4 Rent by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 515 shares during the last quarter. GAM Holding AG lifted its stake in American Homes 4 Rent by 4.8% in the second quarter. GAM Holding AG now owns 19,436 shares of the real estate investment trust’s stock valued at $439,000 after acquiring an additional 897 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American Homes 4 Rent by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,535 shares of the real estate investment trust’s stock valued at $351,000 after acquiring an additional 1,251 shares during the last quarter. Institutional investors and hedge funds own 88.22% 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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