Citigroup Inc. Begins Coverage on American Homes 4 Rent (AMH)

Equities researchers at Citigroup Inc. began coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating and a $25.00 price target on the real estate investment trust’s stock. Citigroup Inc.’s target price would indicate a potential upside of 16.93% from the stock’s previous close.

Several other research firms have also recently issued reports on AMH. Zacks Investment Research cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. BidaskClub upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Friday, July 14th. TheStreet upgraded shares of American Homes 4 Rent from a “c” rating to a “b” rating in a research note on Friday, August 4th. BTIG Research initiated coverage on shares of American Homes 4 Rent in a research note on Monday, October 9th. They issued a “buy” rating and a $26.00 target price for the company. Finally, FBR & Co reiterated a “buy” rating and issued a $26.00 target price on shares of American Homes 4 Rent in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.00.

Shares of American Homes 4 Rent (NYSE AMH) opened at 21.38 on Friday. The company’s market capitalization is $5.57 billion. American Homes 4 Rent has a 12 month low of $19.63 and a 12 month high of $23.98. The stock’s 50 day moving average is $21.85 and its 200 day moving average is $22.50.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.70%. The firm had revenue of $237.00 million during the quarter, compared to analyst estimates of $236.28 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts predict that American Homes 4 Rent will post $0.05 EPS for the current fiscal year.

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In related news, Director B Wayne Et Al Hughes acquired 1,372,200 shares of American Homes 4 Rent stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of $21.84 per share, for a total transaction of $29,968,848.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 27.82% of the company’s stock.

Large investors have recently bought and sold shares of the business. FNY Partners Fund LP acquired a new position in American Homes 4 Rent during the first quarter worth $114,000. PNC Financial Services Group Inc. raised its position in American Homes 4 Rent by 169.5% during the first quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 3,423 shares during the period. Public Employees Retirement Association of Colorado raised its position in American Homes 4 Rent by 35.0% during the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 1,848 shares during the period. The Manufacturers Life Insurance Company raised its position in American Homes 4 Rent by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 515 shares during the period. Finally, QCM Cayman Ltd. acquired a new position in American Homes 4 Rent during the second quarter worth $203,000. Institutional investors own 93.74% of the company’s stock.

American Homes 4 Rent Company Profile

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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