American Homes 4 Rent (NYSE:AMH) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $48.00 target price on the real estate investment trust’s stock.

A number of other analysts have also recently commented on AMH. Keefe, Bruyette & Woods boosted their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the stock a market perform rating in a research report on Monday, May 13th. Wells Fargo & Company raised American Homes 4 Rent from an equal weight rating to an overweight rating and upped their price objective for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Scotiabank reaffirmed an outperform rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. UBS Group increased their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a neutral rating in a report on Friday, August 16th. Finally, Barclays lowered their price target on American Homes 4 Rent from $43.00 to $42.00 and set an overweight rating on the stock in a report on Wednesday, May 29th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $41.20.

American Homes 4 Rent Stock Down 0.9 %

AMH stock opened at $39.40 on Wednesday. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $40.21. The business’s 50 day moving average price is $37.66 and its two-hundred day moving average price is $36.62. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 3.32 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.64%. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Institutional Investors Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently modified their holdings of AMH. V Square Quantitative Management LLC purchased a new stake in American Homes 4 Rent in the 2nd quarter worth $32,000. Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent in the 2nd quarter worth $44,000. Opal Wealth Advisors LLC purchased a new stake in American Homes 4 Rent in the 2nd quarter worth $54,000. GAMMA Investing LLC increased its stake in American Homes 4 Rent by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 302 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in American Homes 4 Rent by 24.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 310 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Company Profile

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.