Several brokerages have updated their recommendations and price targets on shares of American Homes 4 Rent (NYSE: AMH) in the last few weeks:
- 7/24/2017 - American Homes 4 Rent was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
- 7/14/2017 - American Homes 4 Rent was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
- 7/10/2017 - American Homes 4 Rent was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $25.50 price target on the stock.
- 7/10/2017 - American Homes 4 Rent was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
- 7/8/2017 - American Homes 4 Rent was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
- 6/24/2017 - American Homes 4 Rent was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
- 6/5/2017 - American Homes 4 Rent is now covered by analysts at Evercore ISI. They set an “in-line” rating and a $24.50 price target on the stock.
Shares of American Homes 4 Rent (NYSE:AMH) opened at 23.11 on Monday. The stock’s market cap is $5.98 billion. The company’s 50-day moving average is $22.64 and its 200-day moving average is $22.65. American Homes 4 Rent has a 12-month low of $19.62 and a 12-month high of $23.98.
American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, May 4th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The business had revenue of $233.80 million for the quarter, compared to analysts’ expectations of $227.11 million. American Homes 4 Rent had a net margin of 1.92% and a return on equity of 0.35%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. On average, equities research analysts anticipate that American Homes 4 Rent will post $0.06 earnings per share for the current year.
In other news, Director Tamara Hughes Gustavson bought 462,123 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, May 9th. The stock was bought at an average cost of $22.21 per share, with a total value of $10,263,751.83. Following the acquisition, the director now owns 13,600,665 shares of the company’s stock, valued at approximately $302,070,769.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bryan Smith sold 12,432 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $22.40, for a total transaction of $278,476.80. The disclosure for this sale can be found here. 27.82% of the stock is owned by corporate insiders.
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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