American Homes 4 Rent (NYSE:AMH) Reaches New 1-Year High at $38.95

Shares of American Homes 4 Rent (NYSE:AMH) reached a new 52-week high on Monday . The stock traded as high as $38.95 and last traded at $38.95, with a volume of 2497 shares traded. The stock had previously closed at $38.57.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $36.00 to $42.00 in a report on Monday. Barclays lowered their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Evercore ISI raised their price objective on American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average price target of $40.33.

American Homes 4 Rent Stock Performance

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 stock has a market cap of $14.22 billion, a P/E ratio of 39.62, a PEG ratio of 3.10 and a beta of 0.74. The stock has a 50-day simple moving average of $37.16 and a 200-day simple moving average of $36.35.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.18). The company had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.91%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Research analysts forecast that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Hedge Funds Weigh In On American Homes 4 Rent

A number of institutional investors and hedge funds have recently bought and sold shares of AMH. Texas Permanent School Fund Corp bought a new stake in shares of American Homes 4 Rent during the first quarter worth about $10,238,000. Mutual of America Capital Management LLC acquired a new position in American Homes 4 Rent in the 1st quarter valued at approximately $6,970,000. Los Angeles Capital Management LLC bought a new position in shares of American Homes 4 Rent during the first quarter valued at $5,711,000. Wells Fargo & Company MN lifted its holdings in shares of American Homes 4 Rent by 67.6% during the fourth quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock worth $29,513,000 after purchasing an additional 331,168 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of American Homes 4 Rent during the first quarter worth $524,000. Institutional investors and hedge funds 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.