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

Shares of American Homes 4 Rent (NYSE:AMH) have earned an average rating of “Moderate Buy” from the fifteen analysts that are covering the firm, 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is $41.60.

Several research firms have weighed in on AMH. Evercore ISI decreased their price target on shares of American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Scotiabank restated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Royal Bank of Canada raised their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, UBS Group increased their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th.

American Homes 4 Rent Price Performance

Shares of AMH opened at $35.20 on Tuesday. The firm has a fifty day simple moving average of $38.67 and a two-hundred day simple moving average of $37.30. The firm has a market cap of $12.90 billion, a PE ratio of 36.67, a P/E/G ratio of 2.92 and a beta of 0.77. The company has a current ratio of 0.58, a quick ratio of 1.54 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. During the same period in the previous year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors have recently bought and sold shares of AMH. Maryland Capital Advisors Inc. bought a new position in shares of American Homes 4 Rent in the 3rd quarter valued at about $25,000. UMB Bank n.a. lifted its stake 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 valued at $30,000 after purchasing an additional 604 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of American Homes 4 Rent in the 2nd quarter worth approximately $32,000. Assetmark Inc. increased its position in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at $44,000. Institutional investors own 91.87% of the company’s stock.

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.