Shares of American Homes 4 Rent (NYSE:AMH – Get Rating) earned an average rating of “moderate buy” from the seventeen research firms that cover the stock, MarketBeat.com reports. An equity research analyst rated the stock with a sell rating, five gave the company a hold rating, eight gave the company a buy rating and one gave the company a strong buy rating. The average 1-year price target among brokerages that have reported on the stock in the past year is $39.60.
A number of equity research analysts have recently commented on AMH shares. Jefferies Financial Group cut its price target on American Homes 4 Rent stock from $45.00 to $38.00 and set a “buy” rating on the stock in a Wednesday, Oct. 19 research note. Oppenheimer assumed coverage of American Homes 4 Rent stock in a Monday, July 18, report. They issued a “market performance” rating and a target price of $35.00 for the company. Mizuho lowered its price target on American Homes 4 Rent shares from $42.00 to $37.00 and set a “buy” rating for the company in a Thursday, Oct. 6 report. Morgan Stanley raised its price target on shares of American Homes 4 Rent from $37.50 to $39.00 and gave the company an “equal weight” rating in a Thursday, Aug. 25, report. Finally, Barclays lowered its price target on American Homes 4 Rent shares from $44.00 to $41.00 and set an “overweight” rating for the company in a Thursday, October 6 report.
Insider Buying and Selling at American Homes 4 Rent
In other news, Director Tamara Hughes Gustavson acquired 281,695 shares of American Homes 4 Rent in a transaction dated Wednesday, September 7. The shares were purchased at an average cost of $36.40 per share, for a total transaction of $10,253,698.00. Following the completion of the purchase, the administrator now directly owns 269,470 shares of the company, valued at approximately $9,808,708. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. In other news, Director Kenneth M. Woolley sold 10,000 shares of American Homes 4 Rent in a trade that took place on Friday August 26th. The stock was sold at an average price of $36.69, for a total value of $366,900.00. Following the sale, the director now directly owns 20,128 shares of the company, valued at $738,496.32. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Tamara Hughes Gustavson acquired 281,695 shares in a trade on Wednesday, September 7. The shares were purchased at an average cost of $36.40 per share, for a total transaction of $10,253,698.00. Following the purchase, the director now directly owns 269,470 shares of the company, valued at approximately $9,808,708. Disclosure of this purchase can be found here. 6.03% of the shares are currently held by insiders of the company.
Institutional investors weigh in on American Homes 4 Rent
Institutional investors and hedge funds have recently changed their holdings in the company. Vanguard Group Inc. increased its position in American Homes 4 Rent by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust worth $1,737,505,000 after purchasing an additional 3,533,157 shares in the last quarter. Principal Financial Group Inc. increased its position in American Homes 4 Rent shares by 1.4% during the first quarter. Principal Financial Group Inc. now owns 18,077,256 shares of the real estate investment trust worth $723,633,000 after acquiring an additional 244,790 shares last quarter. JPMorgan Chase & Co. increased its stake in American Homes 4 Rent by 2.4% in the second quarter. JPMorgan Chase & Co. now owns 15,801,702 shares of the real estate investment trust worth $560,012,000 after buying 374,079 additional shares in the last quarter. State Street Corp increased its stake in American Homes 4 Rent by 9.6% in Q2. State Street Corp now owns 14,094,837 shares of the real estate investment trust worth $499,521,000 after buying an additional 1,233,734 shares in the last quarter. Finally, FMR LLC increased its equity stake in American Homes 4 Rent by 24.7% during the second quarter. FMR LLC now owns 9,806,924 shares of the real estate investment trust valued at $347,557,000 after purchasing an additional 1,943,766 shares during the period. Hedge funds and other institutional investors hold 88.49% of the company’s shares.
American Homes 4 Rent Trading Up 8.9%
NYSE AMH shares opened at $32.50 on Friday. The company has a debt ratio of 0.61, a quick ratio of 0.52 and a current ratio of 0.54. American Homes 4 Rent has a 52-week minimum of $29.31 and a 52-week maximum of $44.07. The company has a 50-day moving average price of $33.10 and a two-hundred-day moving average price of $35.41. The stock has a market capitalization of $11.32 billion, a P/E ratio of 54.17, a price-to-earnings growth ratio of 2.38 and a beta of 0.58.
About American Homes 4 Rent
(Get a 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 its high quality, good value for money and satisfied tenants. 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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