American Homes 4 Rent (NYSE:AMH) Sets New 12-Month High at $40.21

American Homes 4 Rent (NYSE:AMH)’s share price reached a new 52-week high on Thursday . The stock traded as high as $40.21 and last traded at $40.19, with a volume of 13283 shares traded. The stock had previously closed at $40.10.

Wall Street Analysts Forecast Growth

AMH has been the subject of a number of analyst reports. UBS Group raised their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Scotiabank restated an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Royal Bank of Canada upped their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Evercore ISI raised their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Finally, Barclays decreased their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

American Homes 4 Rent Stock Performance

The firm has a market cap of $15.07 billion, a P/E ratio of 41.97, a P/E/G ratio of 3.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The business’s 50-day simple moving average is $37.87 and its 200 day simple moving average is $36.75.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue was up 7.1% on a year-over-year basis. As a group, equities analysts predict that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s payout ratio is currently 106.12%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new position in shares of American Homes 4 Rent in the fourth quarter worth about $91,000. BNP Paribas Financial Markets raised its stake in American Homes 4 Rent by 407.5% during the 4th quarter. BNP Paribas Financial Markets now owns 293,500 shares of the real estate investment trust’s stock worth $10,554,000 after acquiring an additional 235,672 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in American Homes 4 Rent by 32.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,707 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 3,339 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 342,201 shares of the real estate investment trust’s stock worth $12,343,000 after purchasing an additional 21,674 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of American Homes 4 Rent by 25.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,895 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 2,220 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

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.