BTIG Research Initiates Coverage on American Homes 4 Rent (AMH)

Research analysts at BTIG Research assumed coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research note issued on Monday. The brokerage set a “buy” rating and a $26.00 price target on the real estate investment trust’s stock. BTIG Research’s target price would suggest a potential upside of 19.49% from the company’s current price.

AMH has been the topic of a number of other research reports. Mizuho upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 target price on the stock in a research note on Monday, July 10th. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. 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. Finally, TheStreet upgraded American Homes 4 Rent from a “c” rating to a “b” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Shares of American Homes 4 Rent (AMH) opened at 21.76 on Monday. The company has a 50-day moving average of $22.01 and a 200 day moving average of $22.56. The company’s market cap is $5.66 billion. American Homes 4 Rent has a 12-month low of $19.63 and a 12-month high of $23.98.

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

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In other news, Director B Wayne Et Al Hughes purchased 1,372,200 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of $21.84 per share, for a total transaction of $29,968,848.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.82% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. FNY Partners Fund LP purchased a new position in shares of American Homes 4 Rent during the first quarter valued at $114,000. PNC Financial Services Group Inc. increased its stake in shares of 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 valued at $125,000 after buying an additional 3,423 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of 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 valued at $161,000 after buying an additional 1,848 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of 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 valued at $164,000 after buying an additional 515

AMH has been the topic of a number of other research reports. Mizuho upgraded American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 target price on the stock in a research note on Monday, July 10th. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BidaskClub upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. 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. Finally, TheStreet upgraded American Homes 4 Rent from a “c” rating to a “b” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Shares of American Homes 4 Rent (AMH) opened at 21.76 on Monday. The company has a 50-day moving average of $22.01 and a 200 day moving average of $22.56. The company’s market cap is $5.66 billion. American Homes 4 Rent has a 12-month low of $19.63 and a 12-month high of $23.98.

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

WARNING: This story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/11/btig-research-initiates-coverage-on-american-homes-4-rent-amh.html.

In other news, Director B Wayne Et Al Hughes purchased 1,372,200 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average price of $21.84 per share, for a total transaction of $29,968,848.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.82% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. FNY Partners Fund LP purchased a new position in shares of American Homes 4 Rent during the first quarter valued at $114,000. PNC Financial Services Group Inc. increased its stake in shares of 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 valued at $125,000 after buying an additional 3,423 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of 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 valued at $161,000 after buying an additional 1,848 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of 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 valued at $164,000 after buying an additional 515 shares during the period. Finally, QCM Cayman Ltd. purchased a new position in shares of American Homes 4 Rent during the second quarter valued at $203,000. Hedge funds and other 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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