American Homes 4 Rent (NYSE:AMH) Given Consensus Recommendation of “Moderate Buy” by Analysts

American Homes 4 Rent (NYSE:AMH) has been given a consensus rating of “Moderate Buy” by the fifteen research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $41.60.

AMH has been the subject of several research analyst reports. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Scotiabank reiterated an “outperform” rating and set a $42.00 price target 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 for the company in a report on Wednesday, May 29th. Finally, Evercore ISI increased their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a report on Monday, September 16th.

American Homes 4 Rent Stock Down 0.5 %

American Homes 4 Rent stock opened at $39.62 on Monday. The stock has a market cap of $14.51 billion, a PE ratio of 40.43, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.41. The stock has a fifty day moving average of $38.26 and a 200 day moving average of $36.91.

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). The company had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid 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 yield of 2.62%. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMH. Heritage Wealth Management Inc. purchased a new stake in American Homes 4 Rent during the second quarter worth about $850,000. Clearbridge Investments LLC grew its stake in American Homes 4 Rent by 0.5% during the second quarter. Clearbridge Investments LLC now owns 1,902,019 shares of the real estate investment trust’s stock worth $70,679,000 after buying an additional 9,162 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in American Homes 4 Rent during the second quarter worth approximately $208,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 310 shares during the period. Finally, Waterfall Asset Management LLC purchased a new position in shares of American Homes 4 Rent in the second quarter valued at $743,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.