Analysts Set American Homes 4 Rent (NYSE:AMH) Price Target at $40.47

Shares of American Homes 4 Rent (NYSE:AMH) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $40.33.

Several research firms have recently issued reports on AMH. Royal Bank of Canada dropped 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. Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price for the company. in a research note on Thursday, January 23rd. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, Barclays upped their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 12th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Siemens Fonds Invest GmbH acquired a new stake in shares of American Homes 4 Rent in the 4th quarter worth about $932,000. Brooklyn FI LLC acquired a new stake in shares of American Homes 4 Rent in the 4th quarter worth about $311,000. Employees Retirement System of Texas increased its holdings in shares of American Homes 4 Rent by 24.8% in the 4th quarter. Employees Retirement System of Texas now owns 275,565 shares of the real estate investment trust’s stock worth $10,312,000 after acquiring an additional 54,704 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in shares of American Homes 4 Rent by 3.1% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 39,998 shares of the real estate investment trust’s stock worth $1,497,000 after acquiring an additional 1,189 shares during the period. Finally, Toronto Dominion Bank increased its holdings in shares of American Homes 4 Rent by 6.8% in the 4th quarter. Toronto Dominion Bank now owns 44,224 shares of the real estate investment trust’s stock worth $1,655,000 after acquiring an additional 2,814 shares during the period. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $35.41 on Monday. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The firm has a fifty day moving average of $35.40 and a 200-day moving average of $37.08. The firm has a market capitalization of $13.11 billion, a P/E ratio of 32.79, a PEG ratio of 3.56 and a beta of 0.77. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $442.02 million. As a group, analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.30 dividend. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

American Homes 4 Rent Company Profile

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.