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

Shares of American Homes 4 Rent (NYSE:AMH) have received a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $41.20.

A number of research firms have issued reports on AMH. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Scotiabank reissued an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. JPMorgan Chase & Co. lifted their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Finally, Barclays reduced their price objective on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th.

Hedge Funds Weigh In On American Homes 4 Rent

A number of large investors have recently added to or reduced their stakes in AMH. V Square Quantitative Management LLC bought a new position in shares of American Homes 4 Rent during the second quarter valued at about $32,000. Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent in the second quarter worth about $44,000. Opal Wealth Advisors LLC bought a new stake in shares of American Homes 4 Rent during the second quarter valued at approximately $54,000. GAMMA Investing LLC boosted its holdings in shares of American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 302 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 310 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 1.3 %

Shares of NYSE AMH opened at $41.12 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The company has a 50-day moving average price of $37.94 and a 200-day moving average price of $36.80. The stock has a market capitalization of $15.07 billion, a P/E ratio of 41.96, a P/E/G ratio of 3.35 and a beta of 0.76. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.24.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s payout ratio is currently 106.12%.

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.