Keefe, Bruyette & Woods Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $38.00

American Homes 4 Rent (NYSE:AMH) had its target price trimmed by Keefe, Bruyette & Woods from $39.00 to $38.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has a market perform rating on the real estate investment trust’s stock.

A number of other research analysts have also issued reports on AMH. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Scotiabank reissued an “outperform” rating and set a $42.00 target price 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 lifted their price target for the company from $36.00 to $42.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. increased their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.53.

American Homes 4 Rent Trading Up 0.6 %

Shares of AMH stock opened at $36.96 on Wednesday. The company has a market capitalization of $13.66 billion, a P/E ratio of 38.50, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $38.38 and its two-hundred day moving average is $37.31. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41.

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

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Institutional Trading of American Homes 4 Rent

Several large investors have recently modified their holdings of the business. Maryland Capital Advisors Inc. acquired a new stake in American Homes 4 Rent during the 3rd quarter valued at $25,000. UMB Bank n.a. lifted its position in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 604 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at $32,000. Assetmark Inc. boosted its stake in shares of American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent during the 2nd quarter worth about $44,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.