Brokerages Set American Homes 4 Rent (NYSE:AMH) PT at $39.64

American Homes 4 Rent (NYSE:AMH) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $39.64.

A number of brokerages have weighed in on AMH. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 target price on shares of American Homes 4 Rent in a report on Monday, February 26th. Raymond James increased their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Barclays dropped their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Monday, May 13th.

Insider Activity

In other news, Director Douglas N. Benham purchased 3,500 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the transaction, the director now owns 37,997 shares in the company, valued at $873,931. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jack E. Corrigan purchased 10,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 6th. The stock was acquired 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 in the company, valued at $227,800. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas N. Benham bought 3,500 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the transaction, the director now owns 37,997 shares in the company, valued at $873,931. The disclosure for this purchase can be found here. Insiders own 6.05% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in 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 worth $1,679,868,000 after buying an additional 1,094,714 shares in the last quarter. Norges Bank acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth $789,947,000. Principal Financial Group Inc. increased its stake in shares of American Homes 4 Rent by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 17,007,767 shares of the real estate investment trust’s stock worth $611,599,000 after purchasing an additional 73,599 shares during the last quarter. Cohen & Steers Inc. increased its stake in shares of American Homes 4 Rent by 41.0% during the 4th quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock worth $318,755,000 after purchasing an additional 2,575,854 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of American Homes 4 Rent by 6.1% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $35.27 on Friday. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The firm has a fifty day moving average of $35.94 and a 200-day moving average of $35.81. The firm has a market capitalization of $12.92 billion, a P/E ratio of 36.45, a PEG ratio of 3.01 and a beta of 0.72. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.58.

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

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, June 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.95%. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

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.