American Homes 4 Rent (NYSE:AMH) Price Target Raised to $42.00 at Evercore ISI

American Homes 4 Rent (NYSE:AMH) had its target price upped by Evercore ISI from $41.00 to $42.00 in a research note released on Monday, Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on the company. Royal Bank of Canada increased their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an outperform rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a neutral rating in a research report on Monday. Barclays decreased 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 report on Wednesday, May 29th. UBS Group increased their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a neutral rating in a research report on Friday, August 16th. Finally, The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a buy rating and a $48.00 price target for the company. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent has an average rating of Moderate Buy and an average price target of $41.60.

American Homes 4 Rent Trading Down 0.4 %

NYSE:AMH opened at $40.95 on Monday. The stock’s 50 day moving average price is $37.94 and its 200 day moving average price is $36.80. The company has a market capitalization of $15.00 billion, a PE ratio of 41.79, a P/E/G ratio of 3.35 and a beta of 0.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $41.41.

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

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

Hedge Funds Weigh In On American Homes 4 Rent

Several hedge funds have recently bought and sold shares of the stock. Heritage Wealth Management Inc. purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at $850,000. Clearbridge Investments LLC grew its position in shares of American Homes 4 Rent by 0.5% in the second quarter. Clearbridge Investments LLC now owns 1,902,019 shares of the real estate investment trust’s stock valued at $70,679,000 after purchasing an additional 9,162 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at $208,000. Northwestern Mutual Wealth Management Co. grew its position in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 310 shares during the period. Finally, Waterfall Asset Management LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at $743,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

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.