Evercore ISI Boosts American Homes 4 Rent (NYSE:AMH) Price Target to $42.00

American Homes 4 Rent (NYSE:AMH) had its price target hoisted by Evercore ISI from $41.00 to $42.00 in a research report released on Monday, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the company. UBS Group upped their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a neutral rating in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a neutral rating in a research report on Monday. Wells Fargo & Company raised American Homes 4 Rent from an equal weight rating to an overweight rating and boosted their target price for the company from $36.00 to $42.00 in a report on Monday, August 26th. Scotiabank reiterated an outperform rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Finally, StockNews.com raised American Homes 4 Rent from a sell rating to a hold rating in a report on Saturday, August 10th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of Moderate Buy and an average price target of $41.60.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock opened at $39.66 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The business has a 50 day simple moving average of $38.07 and a two-hundred day simple moving average of $36.85. The stock has a market capitalization of $14.53 billion, a P/E ratio of 40.47, a PEG ratio of 3.35 and a beta of 0.76. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The firm had revenue of $423.50 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, analysts predict that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is 106.12%.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in American Homes 4 Rent by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after acquiring an additional 1,094,714 shares during the last quarter. Cohen & Steers Inc. grew its holdings in shares of American Homes 4 Rent by 41.0% in the 4th quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock valued at $318,755,000 after buying an additional 2,575,854 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of American Homes 4 Rent by 6.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock valued at $324,798,000 after buying an additional 507,307 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in American Homes 4 Rent by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock valued at $183,403,000 after buying an additional 334,358 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in American Homes 4 Rent by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock worth $146,850,000 after purchasing an additional 37,757 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.