Analysts Set American Homes 4 Rent (NYSE:AMH) Target Price at $41.67

American Homes 4 Rent (NYSE:AMH) has earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $41.67.

Several research firms have weighed in on AMH. UBS Group increased their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Mizuho raised their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective on the stock. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Finally, Evercore ISI boosted their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a research report on Monday, September 16th.

Institutional Trading of American Homes 4 Rent

A number of institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in American Homes 4 Rent in the 2nd quarter worth about $32,000. Wetzel Investment Advisors Inc. bought a new position in American Homes 4 Rent during the 2nd quarter valued at about $44,000. Opal Wealth Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at about $54,000. Finally, GAMMA Investing LLC grew its stake in shares of American Homes 4 Rent by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 302 shares during the period. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Price Performance

AMH opened at $37.50 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.41. The stock’s 50 day simple moving average is $38.89 and its 200 day simple moving average is $37.13. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 3.10 and a beta of 0.76.

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 analysts’ consensus estimates of $0.43 by ($0.18). The firm had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. As a group, analysts predict that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is presently 106.12%.

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.