American Homes 4 Rent (NYSE:AMH) Raised to Neutral at Zelman & Associates

Key Points

• Zelman & Associates upgraded American Homes 4 Rent to “neutral” from “underperform.” Analysts overall rate the stock a “Moderate Buy,” with an average price target of $35.94.
• The REIT reported quarterly EPS of $0.50, beating the $0.18 consensus estimate, while revenue of $498.1 million exceeded forecasts and rose 4.1% year over year.

American Homes 4 Rent (NYSE:AMH - Get Free Report) was upgraded by equities researchers at Zelman & Associates from an "underperform" rating to a "neutral" rating in a report issued on Friday, Benzinga reports.

Several other research firms have also recently issued reports on AMH. Mizuho upgraded shares of American Homes 4 Rent from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $35.00 to $36.00 in a research report on Monday, September 21st. Barclays dropped their target price on shares of American Homes 4 Rent from $36.00 to $35.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 14th. Wells Fargo & Company cut their target price on shares of American Homes 4 Rent from $38.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. Keefe, Bruyette & Woods lifted their price target on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Finally, Citigroup reiterated a "market outperform" rating on shares of American Homes 4 Rent in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $35.94.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $33.10 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $35.07. The stock has a 50-day moving average price of $31.48 and a 200 day moving average price of $31.62. The stock has a market capitalization of $11.94 billion, a P/E ratio of 27.14, a P/E/G ratio of 4.98 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.32. American Homes 4 Rent had a return on equity of 6.03% and a net margin of 24.17%. The company had revenue of $498.07 million for the quarter, compared to the consensus estimate of $488.73 million. During the same quarter last year, the company earned $0.47 EPS. The firm's quarterly revenue was up 4.1% on a year-over-year basis. Equities research analysts forecast that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack Corrigan bought 8,000 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average cost of $21.49 per share, with a total value of $171,920.00. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at $537,250. This trade represents a 47.06% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders purchased 15,000 shares of company stock worth $328,040. 5.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp lifted its stake in American Homes 4 Rent by 3.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust's stock worth $338,000 after purchasing an additional 424 shares during the last quarter. Assetmark Inc. boosted its position in shares of American Homes 4 Rent by 7.2% during the first quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust's stock valued at $179,000 after buying an additional 431 shares during the period. Abel Hall LLC boosted its position in shares of American Homes 4 Rent by 2.8% during the third quarter. Abel Hall LLC now owns 17,159 shares of the real estate investment trust's stock valued at $521,000 after buying an additional 469 shares during the period. Bessemer Group Inc. boosted its position in shares of American Homes 4 Rent by 70.3% during the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 483 shares during the period. Finally, Allstate Corp grew its stake in shares of American Homes 4 Rent by 2.4% during the second quarter. Allstate Corp now owns 26,222 shares of the real estate investment trust's stock valued at $879,000 after buying an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent NYSE: AMH is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company's activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.

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