American Homes 4 Rent (NYSE:AMH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of American Homes 4 Rent (NYSE:AMH) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $41.60.

A number of equities research analysts have recently weighed in on AMH shares. JPMorgan Chase & Co. boosted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Barclays lowered their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target for the company. Scotiabank reiterated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Finally, StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, August 10th.

American Homes 4 Rent Trading Down 0.5 %

AMH opened at $39.62 on Monday. The stock has a market capitalization of $14.51 billion, a PE ratio of 40.43, a P/E/G ratio of 3.35 and a beta of 0.76. 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 12-month low of $31.36 and a 12-month high of $41.41. The firm’s fifty day moving average price is $38.26 and its 200 day moving average price is $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 the consensus estimate of $0.43 by ($0.18). The company had revenue of $423.50 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. As a group, research analysts expect that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed 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. 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 currently 106.12%.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in shares of American Homes 4 Rent in the second quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. bought a new position in American Homes 4 Rent during the 2nd quarter valued at $44,000. Opal Wealth Advisors LLC bought a new position in American Homes 4 Rent during the 2nd quarter valued at $54,000. GAMMA Investing LLC increased its position in shares of American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 302 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of American Homes 4 Rent by 24.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 310 shares in the last quarter. 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.