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

Shares of American Homes 4 Rent (NYSE:AMHGet Free Report) 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.

Get Our Latest Analysis on AMH

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:AMHGet Free Report) 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

(Get Free Report

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.

Further Reading

Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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