Analysts Set American Homes 4 Rent (NYSE:AMH) Price Target at $41.40

Shares of American Homes 4 Rent (NYSE:AMH) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $40.86.

A number of research analysts recently weighed in on AMH shares. JMP Securities reissued a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho raised their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their target price for the company from $41.00 to $42.00 in a report on Monday, November 11th. Barclays assumed coverage on shares of American Homes 4 Rent in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 price objective for the company. Finally, Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price for the company. in a research note on Thursday.

Insider Buying and Selling at American Homes 4 Rent

In related news, COO Bryan Smith sold 40,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas N. Benham acquired 3,286 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Homes 4 Rent

A number of large investors have recently modified their holdings of AMH. TCW Group Inc. acquired a new stake in American Homes 4 Rent during the 3rd quarter valued at approximately $962,000. Marshall Wace LLP bought a new position in American Homes 4 Rent in the 2nd quarter valued at about $17,367,000. Catalyst Capital Advisors LLC bought a new position in shares of American Homes 4 Rent during the 3rd quarter valued at about $53,000. Swedbank AB boosted its position in shares of American Homes 4 Rent by 25.0% during the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of American Homes 4 Rent by 6.6% in the 2nd quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust’s stock valued at $11,437,000 after acquiring an additional 19,143 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Trading Down 0.9 %

American Homes 4 Rent stock opened at $34.60 on Friday. The stock has a market cap of $12.79 billion, a P/E ratio of 36.05, a PEG ratio of 2.98 and a beta of 0.78. 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 has a 1 year low of $33.75 and a 1 year high of $41.41. The firm’s 50 day moving average price is $36.84 and its 200-day moving average price is $37.56.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data 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). The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. On average, equities analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.