American Homes 4 Rent (NYSE:AMH) Upgraded to “Buy” by BidaskClub

American Homes 4 Rent (NYSE:AMH) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, July 14th.

Several other research analysts have also recently weighed in on AMH. FBR & Co restated a “buy” rating on shares of American Homes 4 Rent in a report on Saturday, May 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 price target on shares of American Homes 4 Rent in a report on Friday, May 5th. Mizuho upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price target on the stock in a report on Monday, July 10th. Evercore ISI began coverage on shares of American Homes 4 Rent in a report on Monday, June 5th. They set an “in-line” rating and a $24.50 price target on the stock. Finally, Zacks Investment Research upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.38.

Shares of American Homes 4 Rent (NYSE AMH) opened at 22.06 on Friday. The stock has a 50 day moving average of $22.67 and a 200-day moving average of $22.76. The company’s market capitalization is $5.74 billion. American Homes 4 Rent has a one year low of $19.63 and a one year high of $23.98.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.04. American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The firm had revenue of $237 million for the quarter, compared to analysts’ expectations of $236.28 million. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that American Homes 4 Rent will post $0.05 earnings per share for the current fiscal year.

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In other American Homes 4 Rent news, insider Bryan Smith sold 12,432 shares of American Homes 4 Rent stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $22.40, for a total value of $278,476.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 27.82% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Brookfield Asset Management Inc. raised its stake in American Homes 4 Rent by 5.0% in the fourth quarter. Brookfield Asset Management Inc. now owns 6,625,576 shares of the real estate investment trust’s stock valued at $139,005,000 after buying an additional 316,367 shares during the period. Bank of Montreal Can raised its stake in American Homes 4 Rent by 249.3% in the second quarter. Bank of Montreal Can now owns 428,244 shares of the real estate investment trust’s stock valued at $9,666,000 after buying an additional 305,641 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in American Homes 4 Rent by 1.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,631 shares of the real estate investment trust’s stock valued at $349,000 after buying an additional 318 shares during the period. BlackRock Inc. raised its stake in American Homes 4 Rent by 3,164.1% in the first quarter. BlackRock Inc. now owns 13,072,212 shares of the real estate investment trust’s stock valued at $300,137,000 after buying an additional 12,671,722 shares during the period. Finally, Principal Financial Group Inc. raised its stake in American Homes 4 Rent by 435.1% in the first quarter. Principal Financial Group Inc. now owns 2,480,682 shares of the real estate investment trust’s stock valued at $56,956,000 after buying an additional 2,017,079 shares during the period. 92.84% of the stock is currently owned by institutional investors.

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.

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