American Homes 4 Rent (NYSE:AMH) Price Target Raised to $38.00 at Barclays

American Homes 4 Rent (NYSE:AMH) had its price target raised by Barclays from $37.00 to $38.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Royal Bank of Canada cut their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. JMP Securities reissued a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.33.

American Homes 4 Rent Stock Up 2.2 %

Shares of NYSE AMH opened at $35.41 on Wednesday. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41. The company has a market capitalization of $13.11 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The firm’s 50-day moving average is $35.44 and its two-hundred day moving average is $37.13.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. Equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.39%. American Homes 4 Rent’s dividend payout ratio is 111.11%.

Institutional Investors Weigh In On American Homes 4 Rent

Several large investors have recently made changes to their positions in AMH. Siemens Fonds Invest GmbH acquired a new position in shares of American Homes 4 Rent during the 4th quarter valued at $932,000. Brooklyn FI LLC purchased a new stake in shares of American Homes 4 Rent in the fourth quarter worth about $311,000. Employees Retirement System of Texas boosted its position in shares of American Homes 4 Rent by 24.8% in the fourth quarter. Employees Retirement System of Texas now owns 275,565 shares of the real estate investment trust’s stock worth $10,312,000 after buying an additional 54,704 shares during the period. Azzad Asset Management Inc. ADV boosted its position in shares of American Homes 4 Rent by 3.1% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 39,998 shares of the real estate investment trust’s stock worth $1,497,000 after buying an additional 1,189 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of American Homes 4 Rent by 6.8% in the fourth quarter. Toronto Dominion Bank now owns 44,224 shares of the real estate investment trust’s stock worth $1,655,000 after buying an additional 2,814 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.