American Homes 4 Rent (NYSE:AMH) Raised to “Outperform” at Evercore ISI

Evercore ISI upgraded shares of American Homes 4 Rent (NYSE:AMH) from an in-line rating to an outperform rating in a research report report published on Monday morning, Marketbeat reports. They currently have $42.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $41.00.

Other analysts have also issued research reports about the company. Scotiabank reissued an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Keefe, Bruyette & Woods lowered 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 report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Price Performance

AMH opened at $37.51 on Monday. The firm has a market cap of $13.86 billion, a PE ratio of 39.07, a P/E/G ratio of 3.22 and a beta of 0.77. The stock has a 50-day moving average price of $38.21 and a 200-day moving average price of $37.35. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $443.81 million. During the same period last year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Maryland Capital Advisors Inc. purchased a new stake in shares of American Homes 4 Rent in the third quarter worth about $25,000. UMB Bank n.a. increased its position in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at $32,000. Assetmark Inc. raised its stake in shares of American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent in the 2nd quarter worth about $44,000. Institutional investors own 91.87% of the company’s stock.

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.