Brokerages Set American Homes 4 Rent (NYSE:AMH) PT at $41.60

Shares of American Homes 4 Rent (NYSE:AMH) have received an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $41.53.

Several brokerages have weighed in on AMH. Keefe, Bruyette & Woods lowered their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday. 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 note on Monday, August 5th. Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, October 24th.

Hedge Funds Weigh In On American Homes 4 Rent

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of American Homes 4 Rent by 2.5% during 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 buying an additional 1,094,714 shares during the period. PGGM Investments acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at about $32,199,000. Price T Rowe Associates Inc. MD increased its stake 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 worth $324,798,000 after purchasing an additional 507,307 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of American Homes 4 Rent during the 2nd quarter worth about $17,367,000. Finally, American International Group Inc. lifted its stake in American Homes 4 Rent by 15,281.0% in the 1st quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust’s stock valued at $15,489,000 after buying an additional 418,393 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Trading Up 1.0 %

AMH opened at $36.74 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market cap of $13.47 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 2.92 and a beta of 0.77. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The stock has a fifty day moving average price of $38.43 and a 200-day moving average price of $37.29.

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

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s payout ratio is presently 108.33%.

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.