American Homes 4 Rent (NYSE:AMH) PT Raised to $42.00 at Evercore ISI

American Homes 4 Rent (NYSE:AMH) had its price target upped by Evercore ISI from $41.00 to $42.00 in a research report report published on Monday, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

Several other research analysts have also issued reports on the stock. Barclays reduced 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 research note on Wednesday, May 29th. Royal Bank of Canada raised their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an outperform rating in a research note on Monday, August 5th. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a buy rating and a $48.00 target price for the company. Scotiabank reissued an outperform rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Finally, UBS Group raised their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a neutral rating in a research report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent has a consensus rating of Moderate Buy and an average target price of $41.60.

American Homes 4 Rent Stock Up 0.4 %

NYSE AMH opened at $39.81 on Monday. The stock’s 50 day simple moving average is $38.18 and its 200 day simple moving average is $36.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market cap of $14.58 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results 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). The company had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. American Homes 4 Rent’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. American Homes 4 Rent’s payout ratio is 106.12%.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently added to or reduced their stakes in AMH. Texas Permanent School Fund Corp bought a new stake in American Homes 4 Rent during the first quarter worth $10,238,000. Mutual of America Capital Management LLC acquired a new stake in shares of American Homes 4 Rent during the 1st quarter worth approximately $6,970,000. Los Angeles Capital Management LLC bought a new position in American Homes 4 Rent in the first quarter valued at approximately $5,711,000. Wells Fargo & Company MN raised its position in American Homes 4 Rent by 67.6% during the fourth quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock valued at $29,513,000 after purchasing an additional 331,168 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in American Homes 4 Rent during the first quarter worth $524,000. 91.87% of the stock is owned by institutional investors.

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.