The Goldman Sachs Group Begins Coverage on American Homes 4 Rent (NYSE:AMH)

The Goldman Sachs Group began coverage on shares of American Homes 4 Rent (NYSE:AMH) in a report released on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $48.00 price target on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on AMH. StockNews.com raised shares of American Homes 4 Rent from a sell rating to a hold rating in a report on Saturday, August 10th. Royal Bank of Canada upped their target price on shares of 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. Scotiabank restated an outperform rating and set a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Wells Fargo & Company upgraded American Homes 4 Rent from an equal weight rating to an overweight rating and upped their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Finally, Evercore ISI increased their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an in-line rating in a report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, American Homes 4 Rent has an average rating of Moderate Buy and a consensus target price of $41.20.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $39.40 on Wednesday. The firm’s 50-day moving average is $37.66 and its 200-day moving average is $36.61. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 3.32 and a beta of 0.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $40.21.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly 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). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The firm had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate 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 announced 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. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.64%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp raised its stake in shares of American Homes 4 Rent by 37.3% in the fourth quarter. Truist Financial Corp now owns 21,884 shares of the real estate investment trust’s stock worth $787,000 after acquiring an additional 5,940 shares during the last quarter. Natixis Advisors L.P. raised its position in American Homes 4 Rent by 11.6% in the 4th quarter. Natixis Advisors L.P. now owns 60,280 shares of the real estate investment trust’s stock worth $2,167,000 after purchasing an additional 6,262 shares during the last quarter. Amalgamated Bank lifted its holdings in American Homes 4 Rent by 4.8% during the 4th quarter. Amalgamated Bank now owns 55,637 shares of the real estate investment trust’s stock worth $2,001,000 after buying an additional 2,548 shares in the last quarter. M&T Bank Corp boosted its position in American Homes 4 Rent by 0.8% in the 4th quarter. M&T Bank Corp now owns 45,526 shares of the real estate investment trust’s stock valued at $1,637,000 after buying an additional 348 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of American Homes 4 Rent by 3,745.7% in the 4th quarter. National Bank of Canada FI now owns 43,880 shares of the real estate investment trust’s stock valued at $1,603,000 after buying an additional 42,739 shares during the period. Institutional investors and hedge funds 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.