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

Shares of American Homes 4 Rent (NYSE:AMH) have received a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $41.67.

Several equities analysts have weighed in on AMH shares. Scotiabank restated an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. UBS Group raised their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Royal Bank of Canada raised their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th.

American Homes 4 Rent Stock Down 0.1 %

NYSE AMH opened at $38.10 on Friday. The stock’s 50-day moving average price is $38.88 and its 200-day moving average price is $37.15. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $41.41. The company has a market capitalization of $13.96 billion, a P/E ratio of 38.88, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.18). The business had revenue of $423.50 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, equities research 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 firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC raised its position in American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 275 shares in the last quarter. GAMMA Investing LLC raised its position in 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 310 shares in the last quarter. Advisors Asset Management Inc. raised its position in American Homes 4 Rent by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 314 shares in the last quarter. Finally, Creative Planning raised its position in American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 330 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

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.