JPMorgan Chase & Co. Increases American Homes 4 Rent (NYSE:AMH) Price Target to $38.00

American Homes 4 Rent (NYSE:AMH) had its price target upped by JPMorgan Chase & Co. from $37.00 to $38.00 in a research note released on Monday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on the stock. Barclays cut their price objective on shares of American Homes 4 Rent from $43.00 to $42.00 and set an overweight rating for the company in a report on Wednesday, May 29th. StockNews.com downgraded American Homes 4 Rent from a hold rating to a sell rating in a research report on Wednesday, March 20th. Royal Bank of Canada restated an outperform rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. Citigroup upgraded American Homes 4 Rent from a neutral rating to a buy rating and increased their target price for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. Finally, Scotiabank lifted their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company a sector outperform rating in a research note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $39.53.

American Homes 4 Rent Price Performance

Shares of AMH opened at $36.05 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59. The company’s fifty day moving average price is $35.88 and its 200-day moving average price is $35.79. The firm has a market capitalization of $13.20 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 3.04 and a beta of 0.72. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $37.97.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13). The business had revenue of $423.56 million during the quarter, compared to analysts’ expectations of $421.28 million. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. On average, equities research analysts predict that American Homes 4 Rent will post 1.74 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, June 14th. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 10,000 shares of American Homes 4 Rent stock in a transaction on Monday, May 6th. The shares were bought at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $227,800. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,500 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the transaction, the director now directly owns 37,997 shares of the company’s stock, valued at approximately $873,931. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack E. Corrigan purchased 10,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were bought at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $227,800. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

Institutional Trading of American Homes 4 Rent

Hedge funds have recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC purchased a new stake in shares of American Homes 4 Rent during the 3rd quarter worth approximately $26,000. Blue Trust Inc. lifted its stake in shares of American Homes 4 Rent by 1,091.3% in the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 873 shares during the period. Tobam boosted its stake in shares of American Homes 4 Rent by 2,192.9% during the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 921 shares in the last quarter. GAMMA Investing LLC acquired a new stake in American Homes 4 Rent in the fourth quarter valued at $44,000. Finally, Capital Analysts LLC increased its holdings in American Homes 4 Rent by 58.1% during the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 528 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.