American Homes 4 Rent (NYSE:AMH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of American Homes 4 Rent (NYSE:AMH) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $41.60.

Several research firms recently weighed in on AMH. Mizuho raised their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods cut their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock.

American Homes 4 Rent Trading Down 0.9 %

Shares of AMH stock opened at $38.29 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a market cap of $14.15 billion, a PE ratio of 39.89, a P/E/G ratio of 3.41 and a beta of 0.77. The stock’s fifty day moving average price is $37.77 and its two-hundred day moving average price is $37.47.

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 for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same period last year, the business earned $0.41 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Institutional Trading of American Homes 4 Rent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. Swedbank AB increased its holdings in American Homes 4 Rent by 14.3% during the 2nd quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust’s stock worth $14,864,000 after purchasing an additional 50,000 shares in the last quarter. OFI Invest Asset Management bought a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $632,000. Marshall Wace LLP bought a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $17,367,000. Catalyst Capital Advisors LLC bought a new stake in American Homes 4 Rent during the 3rd quarter worth approximately $53,000. Finally, Easterly Investment Partners LLC increased its holdings in American Homes 4 Rent by 96.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust’s stock worth $9,227,000 after purchasing an additional 122,048 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

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.