American Homes 4 Rent (NYSE:AMH) Rating Increased to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of American Homes 4 Rent (NYSE:AMH) from an equal weight rating to an overweight rating in a report published on Monday, Marketbeat Ratings reports. They currently have $42.00 target price on the real estate investment trust’s stock, up from their previous target price of $36.00.

Several other brokerages also recently issued reports on AMH. JPMorgan Chase & Co. increased their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the company a neutral rating in a report on Monday, June 17th. Scotiabank reiterated an outperform rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Barclays reduced their price target on American Homes 4 Rent from $43.00 to $42.00 and set an overweight rating on the stock in a research report on Wednesday, May 29th. StockNews.com raised shares of American Homes 4 Rent from a sell rating to a hold rating in a research report on Saturday, August 10th. Finally, Royal Bank of Canada boosted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an outperform rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $40.47.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $39.14 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $39.33. The firm has a market capitalization of $14.34 billion, a P/E ratio of 39.94, a P/E/G ratio of 3.10 and a beta of 0.74. The business’s 50-day simple moving average is $37.29 and its 200-day simple moving average is $36.39.

American Homes 4 Rent (NYSE:AMH) last posted 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). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.91%. The business had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts predict that American Homes 4 Rent will post 1.74 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.66%. American Homes 4 Rent’s payout ratio is 106.12%.

Institutional Trading of American Homes 4 Rent

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in American Homes 4 Rent by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after buying an additional 1,094,714 shares during the last quarter. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the 4th quarter valued at approximately $789,947,000. Principal Financial Group Inc. raised its position in shares of American Homes 4 Rent by 0.4% during the 4th quarter. Principal Financial Group Inc. now owns 17,007,767 shares of the real estate investment trust’s stock valued at $611,599,000 after acquiring an additional 73,599 shares in the last quarter. Cohen & Steers Inc. lifted its stake in American Homes 4 Rent by 41.0% during the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock worth $318,755,000 after purchasing an additional 2,575,854 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in American Homes 4 Rent by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock worth $324,798,000 after purchasing an additional 507,307 shares during the period. 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.