American Homes 4 Rent (NYSE:AMH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of American Homes 4 Rent (NYSE:AMH) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $39.53.

Several research firms recently commented on AMH. Scotiabank raised their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $41.00 in a research note on Friday, March 22nd. Barclays decreased their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. Keefe, Bruyette & Woods boosted their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a research report on Monday, May 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, June 17th.

American Homes 4 Rent Trading Down 0.2 %

NYSE:AMH opened at $37.34 on Wednesday. The firm has a market capitalization of $13.68 billion, a P/E ratio of 38.10, a P/E/G ratio of 3.13 and a beta of 0.74. The business has a 50 day simple moving average of $36.14 and a 200 day simple moving average of $35.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The firm had revenue of $423.56 million during the quarter, compared to analyst estimates of $421.28 million. During the same period last year, the business earned $0.41 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that American Homes 4 Rent will post 1.74 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.26 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.79%. American Homes 4 Rent’s payout ratio is currently 106.12%.

Insider Activity

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was purchased at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $227,800. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Douglas N. Benham acquired 3,500 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $23.00 per share, with a total value of $80,500.00. Following the completion of the transaction, the director now owns 37,997 shares in the company, valued at $873,931. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jack E. Corrigan bought 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was purchased at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $227,800. The disclosure for this purchase can be found here. 6.05% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Hedge funds have recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new stake in American Homes 4 Rent in the third quarter worth approximately $26,000. Blue Trust Inc. boosted its holdings in American Homes 4 Rent by 1,091.3% in the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 873 shares in the last quarter. Tobam raised its holdings in American Homes 4 Rent by 2,192.9% during the fourth quarter. Tobam now owns 963 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 921 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of American Homes 4 Rent in the fourth quarter worth about $44,000. Finally, Capital Analysts LLC boosted its stake in shares of American Homes 4 Rent by 58.1% during the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 528 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.