American Homes 4 Rent (NYSE:AMH) Receives $41.38 Average PT from Analysts

Shares of American Homes 4 Rent (NYSE:AMH) have received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $41.38.

A number of research analysts have commented on the stock. Mizuho increased 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 upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Barclays started coverage on American Homes 4 Rent in a report on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 target price for the company. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target on the stock. Finally, JMP Securities restated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Wednesday, December 11th.

American Homes 4 Rent Stock Down 0.1 %

Shares of NYSE:AMH opened at $37.10 on Wednesday. The firm has a market capitalization of $13.71 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. The firm has a fifty day moving average of $37.34 and a 200 day moving average of $37.65.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). The firm had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. As a group, research analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,286 shares of the 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 transaction, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was 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 directly 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. 6.32% of the stock is owned by insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Large investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its stake in American Homes 4 Rent by 2,150.3% during the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after buying an additional 1,849,020 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of American Homes 4 Rent by 783.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock worth $42,507,000 after purchasing an additional 981,872 shares during the last quarter. FMR LLC boosted its stake in American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after purchasing an additional 937,116 shares in the last quarter. Marshall Wace LLP purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at about $17,367,000. Finally, Masterton Capital Management LP bought a new stake in American Homes 4 Rent during the 2nd quarter valued at about $12,853,000. 91.87% of the stock is currently 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.