Barclays Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $42.00

American Homes 4 Rent (NYSE:AMH) had its price objective decreased by Barclays from $43.00 to $42.00 in a report issued on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on AMH. Scotiabank raised their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company a sector outperform rating in a report on Thursday, May 16th. Keefe, Bruyette & Woods raised their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company a market perform rating in a report on Monday, May 13th. Mizuho lifted their price target on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a buy rating in a report on Wednesday, March 20th. Citigroup raised shares of American Homes 4 Rent from a neutral rating to a buy rating and lifted their price target for the company from $37.00 to $41.00 in a report on Friday, March 22nd. Finally, Raymond James lifted their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an outperform rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $39.64.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $36.04 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $37.97. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 3.01 and a beta of 0.70. The firm’s 50-day simple moving average is $36.00 and its 200 day simple moving average is $35.83.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The firm had revenue of $423.56 million during the quarter, compared to the consensus estimate of $421.28 million. During the same period in the prior year, the business earned $0.41 earnings per share. American Homes 4 Rent’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 annualized dividend and a yield of 2.89%. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $23.00 per share, for a total transaction of $80,500.00. Following the transaction, the director now directly owns 37,997 shares in the company, valued at $873,931. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Jack E. Corrigan purchased 10,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $227,800. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Douglas N. Benham purchased 3,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the transaction, the director now directly owns 37,997 shares in the company, valued at approximately $873,931. The disclosure for this purchase can be found here. 6.32% of the stock is owned by corporate insiders.

Institutional Trading of American Homes 4 Rent

Several hedge funds have recently modified their holdings of AMH. Norges Bank bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at $789,947,000. Cohen & Steers Inc. increased its stake in shares of American Homes 4 Rent by 41.0% in the 4th quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock valued at $318,755,000 after acquiring an additional 2,575,854 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of American Homes 4 Rent by 180.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock valued at $93,848,000 after acquiring an additional 1,679,846 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of American Homes 4 Rent by 80.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock valued at $127,263,000 after acquiring an additional 1,574,295 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of American Homes 4 Rent by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock valued at $1,679,868,000 after acquiring an additional 1,094,714 shares in the last quarter. 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.