Analysts Set American Homes 4 Rent (NYSE:AMH) Target Price at $41.38

Shares of American Homes 4 Rent (NYSE:AMH) have received a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $41.38.

A number of research analysts have recently weighed in on the company. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective on the stock. Mizuho upped their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Barclays began coverage on American Homes 4 Rent in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $39.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th.

American Homes 4 Rent Stock Down 0.1 %

AMH stock opened at $37.10 on Wednesday. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 38.65, a P/E/G ratio of 3.33 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The business’s 50-day moving average is $37.36 and its two-hundred day moving average is $37.63. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last posted 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). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. During the same period in the previous year, the business posted $0.41 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts forecast that American Homes 4 Rent will post 1.77 earnings per share 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. Stockholders of record on Friday, December 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Insider Activity

In other news, COO Bryan Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas N. Benham purchased 3,286 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now directly owns 41,946 shares in the company, valued at $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Maryland Capital Advisors Inc. purchased a new stake in American Homes 4 Rent in the 3rd quarter valued at about $25,000. UMB Bank n.a. raised its stake in shares of American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 604 shares in the last quarter. Assetmark Inc. boosted its holdings 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 purchasing an additional 790 shares during the period. V Square Quantitative Management LLC grew its stake in American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 275 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent during the 2nd quarter worth $44,000. Hedge funds and other institutional investors 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.