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

Shares of American Homes 4 Rent (NYSE:AMH) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $41.20.

A number of analysts recently commented on AMH shares. Royal Bank of Canada upped their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Evercore ISI increased their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $36.00 to $42.00 in a research report on Monday, August 26th. JPMorgan Chase & Co. increased their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Finally, UBS Group boosted their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th.

American Homes 4 Rent Trading Up 1.3 %

American Homes 4 Rent stock opened at $41.12 on Monday. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.24. The business’s fifty day moving average is $37.94 and its 200 day moving average is $36.80. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $15.07 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 4.89%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. On average, sell-side analysts predict that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at about $32,000. Wetzel Investment Advisors Inc. bought a new position in American Homes 4 Rent during the second quarter valued at approximately $44,000. Opal Wealth Advisors LLC purchased a new position in American Homes 4 Rent during the 2nd quarter valued at approximately $54,000. GAMMA Investing LLC grew its holdings in American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 302 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in American Homes 4 Rent by 24.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 310 shares during the last quarter. 91.87% of the stock is 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.