American Homes 4 Rent (NYSE:AMH) Raised to Hold at StockNews.com

StockNews.com upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a report released on Monday.

A number of other brokerages have also recently weighed in on AMH. Keefe, Bruyette & Woods cut their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Scotiabank reiterated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Mizuho boosted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Price Performance

NYSE AMH opened at $38.05 on Monday. The company has a 50-day moving average price of $37.91 and a two-hundred day moving average price of $37.43. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of 3.25 and a beta of 0.77. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) 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 the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. Analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.73%. American Homes 4 Rent’s payout ratio is presently 108.33%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Swedbank AB lifted its position in shares of American Homes 4 Rent by 14.3% in the 2nd quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust’s stock valued at $14,864,000 after acquiring an additional 50,000 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at $632,000. Marshall Wace LLP purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at $17,367,000. Catalyst Capital Advisors LLC acquired a new stake in shares of American Homes 4 Rent in the third quarter worth $53,000. Finally, Easterly Investment Partners LLC grew its holdings in shares of American Homes 4 Rent by 96.7% during the second quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust’s stock valued at $9,227,000 after buying an additional 122,048 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.