American Homes 4 Rent (NYSE:AMH) Price Target Cut to $39.00 by Analysts at Royal Bank of Canada

American Homes 4 Rent (NYSE:AMH) had its price target trimmed by Royal Bank of Canada from $40.00 to $39.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

AMH has been the topic of several other reports. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a report on Thursday, January 23rd. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Barclays dropped their price objective on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Finally, JMP Securities restated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $40.47.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $34.79 on Monday. American Homes 4 Rent has a 1-year low of $34.01 and a 1-year high of $41.41. 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’s fifty day simple moving average is $35.67 and its two-hundred day simple moving average is $37.34. The stock has a market cap of $12.85 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 3.61 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The company had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.35%. As a group, analysts forecast that American Homes 4 Rent will post 1.86 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s payout ratio is 111.11%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. purchased a new stake in American Homes 4 Rent in the fourth quarter worth $26,000. National Pension Service bought a new position in shares of American Homes 4 Rent in the 4th quarter worth about $30,000. Assetmark Inc. lifted its position in 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 period. Jones Financial Companies Lllp boosted its stake in American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 392 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares during the period. Institutional investors own 91.87% of the company’s stock.

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.