American Homes 4 Rent (NYSE:AMH) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of American Homes 4 Rent (NYSE:AMHGet Rating) from a sell rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.

According to Zacks, “American Homes 4 Rent is an internally managed real estate investment trust. It is focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. It rents residential properties primarily in Arizona, California, Florida, Georgia, and Nevada. American Homes 4 Rent is based in Malibu, California. “

Several other brokerages have also weighed in on AMH. BMO Capital Markets initiated coverage on American Homes 4 Rent in a research report on Thursday, April 14th. They issued an outperform rating and a $46.00 target price on the stock. B. Riley decreased their price target on American Homes 4 Rent from $47.00 to $43.00 in a research note on Wednesday, May 11th. JPMorgan Chase & Co. decreased their price target on American Homes 4 Rent from $46.00 to $44.00 and set an overweight rating for the company in a research note on Tuesday, March 22nd. StockNews.com initiated coverage on American Homes 4 Rent in a research note on Thursday, March 31st. They set a hold rating for the company. Finally, Jefferies Financial Group initiated coverage on American Homes 4 Rent in a research note on Wednesday, April 20th. They set a buy rating and a $48.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $45.06.

Shares of AMH stock opened at $37.80 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64 and a quick ratio of 0.64. American Homes 4 Rent has a fifty-two week low of $34.79 and a fifty-two week high of $44.07. The stock’s 50-day moving average is $39.54 and its two-hundred day moving average is $40.04. The firm has a market cap of $13.17 billion, a P/E ratio of 80.43, a PEG ratio of 3.22 and a beta of 0.58.

American Homes 4 Rent (NYSE:AMHGet Rating) last issued its earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The company had revenue of $356.11 million for the quarter, compared to analyst estimates of $355.76 million. During the same period in the prior year, the firm posted $0.32 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. As a group, research analysts expect that American Homes 4 Rent will post 1.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.90%. American Homes 4 Rent’s dividend payout ratio is currently 153.19%.

In related news, Director Tamara Hughes Gustavson bought 200,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The stock was acquired at an average cost of $35.71 per share, with a total value of $7,142,000.00. Following the acquisition, the director now owns 8,830,956 shares in the company, valued at approximately $315,353,438.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas N. Benham bought 1,275 shares of the company’s stock in a transaction dated Tuesday, March 15th. The stock was bought at an average cost of $25.41 per share, with a total value of $32,397.75. The disclosure for this purchase can be found here. Insiders acquired a total of 201,445 shares of company stock valued at $7,180,698 in the last quarter. Corporate insiders own 6.03% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of AMH. First Trust Advisors LP raised its holdings in shares of American Homes 4 Rent by 97.9% in the 1st quarter. First Trust Advisors LP now owns 162,323 shares of the real estate investment trust’s stock worth $3,688,000 after buying an additional 80,314 shares in the last quarter. Morgan Stanley raised its holdings in shares of American Homes 4 Rent by 264.5% in the 2nd quarter. Morgan Stanley now owns 876,656 shares of the real estate investment trust’s stock worth $34,057,000 after buying an additional 636,134 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of American Homes 4 Rent by 87.0% in the 3rd quarter. Advisor Group Holdings Inc. now owns 47,603 shares of the real estate investment trust’s stock worth $1,815,000 after buying an additional 22,142 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of American Homes 4 Rent by 292.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 757 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 564 shares in the last quarter. Finally, Barclays PLC increased its holdings in American Homes 4 Rent by 34.7% during the 3rd quarter. Barclays PLC now owns 469,773 shares of the real estate investment trust’s stock valued at $17,908,000 after purchasing an additional 120,933 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

About American Homes 4 Rent (Get Rating)

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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