American Homes 4 Rent (NYSE:AMH) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of American Homes 4 Rent (NYSE:AMH) in a research report released on Tuesday morning,Benzinga reports. They currently have a $41.00 price objective on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on AMH. Barclays started coverage on American Homes 4 Rent in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $39.00 price target for the company. Keefe, Bruyette & Woods dropped their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price target on shares of 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. Mizuho raised their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Finally, StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus price target of $41.40.

American Homes 4 Rent Stock Down 0.6 %

Shares of American Homes 4 Rent stock opened at $35.21 on Tuesday. 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 has a 52-week low of $33.75 and a 52-week high of $41.41. The company has a market capitalization of $13.01 billion, a P/E ratio of 36.68, a P/E/G ratio of 3.33 and a beta of 0.78. The company has a 50 day moving average of $37.16 and a 200 day moving average of $37.70.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Insider Activity

In other news, Director Douglas N. Benham acquired 3,286 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the transaction, the director now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in shares of American Homes 4 Rent during the 2nd quarter worth $173,000. DekaBank Deutsche Girozentrale grew its position in American Homes 4 Rent by 4.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 272,536 shares of the real estate investment trust’s stock worth $9,815,000 after buying an additional 12,820 shares during the period. Federated Hermes Inc. grew its position in American Homes 4 Rent by 14.0% during the second quarter. Federated Hermes Inc. now owns 46,259 shares of the real estate investment trust’s stock worth $1,719,000 after buying an additional 5,690 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in American Homes 4 Rent by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock valued at $146,850,000 after buying an additional 37,757 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of American Homes 4 Rent by 7.3% during the 2nd 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 acquiring an additional 334,358 shares during the period. Hedge funds and other 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.