Brokerages Set American Homes 4 Rent (NYSE:AMH) Price Target at $40.67

Shares of American Homes 4 Rent (NYSE:AMH) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $40.67.

Several equities analysts have issued reports on the company. Scotiabank lowered American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Barclays decreased their price target on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. JMP Securities reissued a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $35.32 on Thursday. The stock has a market capitalization of $13.05 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 3.44 and a beta of 0.78. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The stock’s 50-day moving average price is $35.82 and its 200 day moving average price is $37.40. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio is currently 125.00%.

Insider Transactions at American Homes 4 Rent

In related news, Director Douglas N. Benham purchased 3,286 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the acquisition, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.32% of the company’s stock.

Institutional Trading of American Homes 4 Rent

Large investors have recently added to or reduced their stakes in the stock. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent in the 3rd quarter valued at about $25,000. Mountain Hill Investment Partners Corp. purchased a new position in American Homes 4 Rent in the 4th quarter valued at about $26,000. UMB Bank n.a. boosted its position in 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 buying an additional 604 shares during the last quarter. National Pension Service purchased a new position in American Homes 4 Rent in the 4th quarter valued at about $30,000. Finally, Assetmark Inc. boosted its position in American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 790 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.