American Homes 4 Rent (NYSE:AMH) Given Average Recommendation of “Moderate Buy” by Analysts

American Homes 4 Rent (NYSE:AMH) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $41.60.

A number of brokerages recently issued reports on AMH. Scotiabank reiterated an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Royal Bank of Canada boosted their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Mizuho increased their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th.

American Homes 4 Rent Stock Up 0.5 %

Shares of NYSE AMH opened at $35.20 on Tuesday. The business’s fifty day moving average price is $38.67 and its 200-day moving average price is $37.30. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The stock has a market capitalization of $12.90 billion, a PE ratio of 36.67, a P/E/G ratio of 2.92 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 1.54.

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

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.95%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Institutional Trading of American Homes 4 Rent

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in American Homes 4 Rent by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after purchasing an additional 1,094,714 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of American Homes 4 Rent by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock valued at $324,798,000 after buying an additional 507,307 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 buying an additional 334,358 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in American Homes 4 Rent by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock worth $146,850,000 after buying an additional 37,757 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its position in American Homes 4 Rent by 1.5% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust’s stock valued at $137,181,000 after acquiring an additional 53,648 shares in the last quarter. 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.