Brokerages Set American Homes 4 Rent (NYSE:AMH) Price Target at $41.60

Shares of American Homes 4 Rent (NYSE:AMH) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $41.53.

AMH has been the subject of several research reports. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. The Goldman Sachs Group began coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective on the stock. Royal Bank of Canada raised their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Keefe, Bruyette & Woods dropped their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday.

Institutional Trading of American Homes 4 Rent

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in American Homes 4 Rent during the 1st quarter worth $524,000. BNP Paribas Financial Markets raised its holdings in shares of American Homes 4 Rent by 32.6% in the first quarter. BNP Paribas Financial Markets now owns 389,249 shares of the real estate investment trust’s stock valued at $14,317,000 after acquiring an additional 95,749 shares in the last quarter. Nordea Investment Management AB lifted its stake in American Homes 4 Rent by 8.9% in the first quarter. Nordea Investment Management AB now owns 22,390 shares of the real estate investment trust’s stock worth $822,000 after acquiring an additional 1,822 shares during the period. Daiwa Securities Group Inc. grew its holdings in American Homes 4 Rent by 5.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 124,363 shares of the real estate investment trust’s stock worth $4,574,000 after acquiring an additional 6,940 shares in the last quarter. Finally, Mutual of America Capital Management LLC purchased a new position in American Homes 4 Rent during the 1st quarter valued at about $6,970,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 1.0 %

Shares of AMH stock opened at $36.74 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 2.92 and a beta of 0.77. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41. The stock’s 50-day moving average price is $38.43 and its 200-day moving average price is $37.29.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. Equities research analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.83%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

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.