American Homes 4 Rent (AMH) Now Covered by Analysts at Citigroup Inc.

Citigroup Inc. assumed coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research note released on Friday morning. The brokerage issued a buy rating and a $25.00 price objective on the real estate investment trust’s stock.

AMH has been the subject of a number of other research reports. Mizuho upgraded American Homes 4 Rent from a neutral rating to a buy rating and set a $25.50 price objective for the company in a research report on Monday, July 10th. Zacks Investment Research upgraded American Homes 4 Rent from a sell rating to a hold rating in a research report on Monday, July 24th. BidaskClub upgraded American Homes 4 Rent from a hold rating to a buy rating in a research report on Saturday, June 24th. FBR & Co reiterated a buy rating and issued a $26.00 price objective on shares of American Homes 4 Rent in a research report on Friday, September 29th. Finally, BTIG Research began coverage on American Homes 4 Rent in a research report on Monday, October 9th. They issued a buy rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. American Homes 4 Rent has a consensus rating of Hold and a consensus price target of $25.00.

American Homes 4 Rent (NYSE:AMH) traded up 0.94% during midday trading on Friday, hitting $21.58. The company had a trading volume of 1,851,756 shares. American Homes 4 Rent has a one year low of $19.63 and a one year high of $23.98. The company’s market cap is $5.62 billion. The company’s 50 day moving average is $21.83 and its 200-day moving average is $22.49.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ 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 $237.00 million during the quarter, compared to the consensus estimate of $236.28 million. During the same quarter in the prior year, the business posted $0.25 EPS. American Homes 4 Rent’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts predict that American Homes 4 Rent will post $0.05 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -181.82%.

In related news, Director B Wayne Et Al Hughes bought 1,372,200 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average price of $21.84 per share, for a total transaction of $29,968,848.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 27.82% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in American Homes 4 Rent by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 35,287,763 shares of the real estate investment trust’s stock valued at $796,445,000 after purchasing an additional 153,921 shares during the last quarter. FMR LLC raised its position in American Homes 4 Rent by 35.0% in the 2nd quarter. FMR LLC now owns 18,292,853 shares of the real estate investment trust’s stock valued at $412,870,000 after purchasing an additional 4,747,436 shares during the last quarter. BlackRock Inc. raised its position in American Homes 4 Rent by 16.8% in the 2nd quarter. BlackRock Inc. now owns 15,261,883 shares of the real estate investment trust’s stock valued at $344,461,000 after purchasing an additional 2,189,671 shares during the last quarter. Brookfield Asset Management Inc. raised its position in American Homes 4 Rent by 29.6% in the 2nd quarter. Brookfield Asset Management Inc. now owns 7,889,445 shares of the real estate investment trust’s stock valued at $178,065,000 after purchasing an additional 1,801,569 shares during the last quarter. Finally, State Street Corp raised its position in American Homes 4 Rent by 9.9% in the 2nd quarter. State Street Corp now owns 6,669,958 shares of the real estate investment trust’s stock valued at $150,541,000 after purchasing an additional 603,365 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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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