American Homes 4 Rent (NYSE:AMH) Price Target Raised to $43.00 at JPMorgan Chase & Co.

American Homes 4 Rent (NYSE:AMH) had its price objective increased by JPMorgan Chase & Co. from $38.00 to $43.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

A number of other research firms also recently commented on AMH. Wells Fargo & Company raised American Homes 4 Rent from an equal weight rating to an overweight rating and raised their target price for the company from $36.00 to $42.00 in a report on Monday, August 26th. Royal Bank of Canada boosted their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an outperform rating in a report on Monday, August 5th. Evercore ISI raised their price objective on 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. UBS Group upped their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the company a neutral rating in a report on Friday, August 16th. Finally, Scotiabank reaffirmed an outperform rating and set a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $41.60.

American Homes 4 Rent Stock Down 0.4 %

AMH opened at $40.95 on Monday. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $41.41. The business has a 50 day moving average price of $37.94 and a two-hundred day moving average price of $36.80. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The company has a market cap of $15.00 billion, a PE ratio of 41.79, a P/E/G ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The firm had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, research analysts anticipate that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

Hedge Funds Weigh In On American Homes 4 Rent

A number of hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new position in shares of American Homes 4 Rent during the second quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. bought a new position in shares of American Homes 4 Rent during the second quarter worth about $44,000. Opal Wealth Advisors LLC acquired a new stake in shares of American Homes 4 Rent in the 2nd quarter worth about $54,000. GAMMA Investing LLC raised its holdings in shares of American Homes 4 Rent by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 302 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in American Homes 4 Rent by 24.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 310 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

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.