The American Homes 4 Rent (AMH) Lifted to Hold at Zacks Investment Research

The American Homes 4 Rent (AMH) Lifted to Hold at Zacks Investment Research

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. “

Zacks Investment Research upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a research report released on Wednesday, May 24th.

A number of other equities analysts have also recently commented on the company. FBR & Co reaffirmed a buy rating on shares of American Homes 4 Rent in a research note on Thursday, April 13th. Credit Suisse Group AG assumed coverage on American Homes 4 Rent in a research note on Monday, February 27th. They issued a neutral rating and a $24.00 price target on the stock. Mizuho assumed coverage on American Homes 4 Rent in a research note on Wednesday, February 8th. They set a neutral rating and a $23.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $24.00 target price on shares of American Homes 4 Rent in a research note on Monday, May 15th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. American Homes 4 Rent currently has a consensus rating of Hold and an average price target of $24.00. American Homes 4 Rent (NYSE AMH) opened at 23.19 on Wednesday. The firm’s 50-day moving average is $22.77 and its 200-day moving average is $22.15. American Homes 4 Rent has a 52-week low of $17.53 and a 52-week high of $23.98. The company’s market capitalization is $6.00 billion.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, June 13th. American Homes 4 Rent’s payout ratio is presently -80.00%. In related news, Director B Wayne Et Al Hughes acquired 2,192,982 shares of the stock in a transaction dated Wednesday, March 22nd. The stock was acquired at an average cost of $22.80 per share, with a total value of $49,999,989.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tamara Hughes Gustavson acquired 462,123 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 13,600,665 shares in the company, valued at $302,070,769.65. The disclosure for this purchase can be found here. 23.31% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Monashee Investment Management LLC purchased a new position in American Homes 4 Rent during the third quarter valued at approximately $15,689,000. Ellington Management Group LLC purchased a new position in American Homes 4 Rent during the fourth quarter valued at approximately $579,000. Janus Capital Management LLC increased its position in shares of American Homes 4 Rent by 259.4% in the fourth quarter. Janus Capital Management LLC now owns 207,000 shares of the real estate investment trust’s stock worth $4,343,000 after buying an additional 149,400 shares in the last quarter. Brookfield Asset Management Inc. increased its position in shares of American Homes 4 Rent by 5.0% in the fourth quarter. Brookfield Asset Management Inc. now owns 6,625,576 shares of the real estate investment trust’s stock worth $139,005,000 after buying an additional 316,367 shares in the last quarter. Finally, Nicholas Investment Partners LP increased its position in shares of American Homes 4 Rent by 19.1% in the fourth quarter. Nicholas Investment Partners LP now owns 236,389 shares of the real estate investment trust’s stock worth $4,960,000 after buying an additional 37,914 shares in the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock. About American Homes 4 Rent

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AMH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Get a free copy of the Zacks research report on American Homes 4 Rent (AMH)

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