Analysts Set American Homes 4 Rent (NYSE:AMH) PT at $40.67

American Homes 4 Rent (NYSE:AMH) has earned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $40.67.

AMH has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $39.00 to $40.00 in a research note on Friday, January 24th. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $41.00 to $42.00 in a research note on Monday, November 11th.

American Homes 4 Rent Stock Down 1.7 %

Shares of NYSE AMH opened at $35.21 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $13.01 billion, a P/E ratio of 36.68, a PEG ratio of 3.45 and a beta of 0.78. American Homes 4 Rent has a 1 year low of $34.01 and a 1 year high of $41.41. The firm has a 50-day simple moving average of $35.96 and a two-hundred day simple moving average of $37.43.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.41%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction 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 directly owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction on 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 directly 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 position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Homes 4 Rent

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of American Homes 4 Rent by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock valued at $1,681,984,000 after buying an additional 240,583 shares during the last quarter. Norges Bank purchased a new stake in shares of American Homes 4 Rent during the fourth quarter valued at $822,019,000. Principal Financial Group Inc. grew its holdings in shares of American Homes 4 Rent by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after buying an additional 1,015,351 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of American Homes 4 Rent by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock valued at $516,591,000 after buying an additional 689,741 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of American Homes 4 Rent by 9.2% during the fourth quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust’s stock valued at $336,157,000 after buying an additional 757,772 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.