American Homes 4 Rent (NYSE:AMH) Receives $41.38 Consensus Target Price from Brokerages

American Homes 4 Rent (NYSE:AMH) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $41.38.

AMH has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $41.00 to $42.00 in a report on Monday, November 11th. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective for the company. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, December 11th.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $37.10 on Wednesday. The business’s 50 day simple moving average is $37.36 and its 200 day simple moving average is $37.63. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 3.33 and a beta of 0.78. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last announced 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). The firm had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. Sell-side analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 108.33%.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares in the company, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

A number of institutional investors have recently modified their holdings of AMH. Maryland Capital Advisors Inc. bought a new stake in shares of American Homes 4 Rent in the 3rd quarter worth $25,000. UMB Bank n.a. raised its position in American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 604 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at about $44,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of American Homes 4 Rent by 31.6% during the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 275 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other 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.