American Homes 4 Rent (NYSE:AMH) Upgraded at StockNews.com

StockNews.com upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Several other equities analysts have also commented on the stock. Scotiabank reaffirmed an outperform rating and set a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. 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. Evercore ISI lifted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an in-line rating in a research note on Monday, September 16th. 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. Finally, The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a research note on Wednesday, September 4th. They set a buy rating and a $48.00 target price for the company. Five equities research 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.com, American Homes 4 Rent currently has a consensus rating of Moderate Buy and an average price target of $41.60.

American Homes 4 Rent Price Performance

AMH stock opened at $38.34 on Tuesday. The firm has a 50 day moving average of $38.73 and a 200-day moving average of $37.04. The firm has a market capitalization of $14.04 billion, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 3.32 and a beta of 0.76. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $41.41. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

American Homes 4 Rent (NYSE:AMH) last announced 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 firm had revenue of $423.50 million during 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%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.71%. American Homes 4 Rent’s dividend payout ratio (DPR) 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 stock. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter worth approximately $32,000. Wetzel Investment Advisors Inc. purchased a new position in shares of American Homes 4 Rent in the 2nd quarter valued at $44,000. Opal Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent in the 2nd quarter worth $54,000. GAMMA Investing LLC lifted its stake in shares of American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 302 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in American Homes 4 Rent by 24.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 310 shares in the last quarter. 91.87% of the stock is currently 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.