American Homes 4 Rent’s (AMH) Market Outperform Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of American Homes 4 Rent (NYSE:AMH) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $41.00 price target on the real estate investment trust’s stock.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. raised their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Mizuho boosted their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Finally, Barclays began coverage on American Homes 4 Rent in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $41.40.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock opened at $34.87 on Tuesday. The company’s fifty day simple moving average is $37.08 and its two-hundred day simple moving average is $37.64. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41. The firm has a market cap of $12.88 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.96 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business 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 firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. As a group, equities analysts expect that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Insider Transactions at American Homes 4 Rent

In other news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the acquisition, the director now owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.05% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of American Homes 4 Rent by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock valued at $503,503,000 after buying an additional 214,242 shares during the last quarter. FMR LLC boosted its holdings in shares of American Homes 4 Rent by 12.9% during the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after acquiring an additional 937,116 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of American Homes 4 Rent by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock worth $183,403,000 after acquiring an additional 334,358 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of American Homes 4 Rent by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock valued at $162,160,000 after purchasing an additional 62,367 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in American Homes 4 Rent by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock valued at $146,850,000 after purchasing an additional 37,757 shares during the period. 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.