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

American Homes 4 Rent (NYSE:AMH) has been assigned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $41.38.

Several analysts have recently issued reports on the stock. JMP Securities restated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on 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. Keefe, Bruyette & Woods dropped their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Mizuho increased their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Finally, Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $42.00 in a research note on Monday, November 11th.

Insider Buying and Selling

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. This represents a 24.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas N. Benham purchased 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $24.49 per share, with a total value of $80,474.14. Following the acquisition, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is owned by insiders.

Institutional Trading of American Homes 4 Rent

A number of hedge funds have recently bought and sold shares of AMH. JPMorgan Chase & Co. raised its position in shares of American Homes 4 Rent by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock worth $503,503,000 after acquiring an additional 214,242 shares in the last quarter. FMR LLC raised its holdings in American Homes 4 Rent by 12.9% in the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after purchasing an additional 937,116 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in American Homes 4 Rent by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock worth $183,403,000 after purchasing an additional 334,358 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of American Homes 4 Rent by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock valued at $162,160,000 after buying an additional 62,367 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of American Homes 4 Rent by 1.0% in the 2nd 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. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock opened at $37.42 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The stock has a 50 day moving average of $37.31 and a 200 day moving average of $37.70. The firm has a market cap of $13.83 billion, a PE ratio of 38.98, a PEG ratio of 3.33 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last posted 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). The firm had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, research analysts expect that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

American Homes 4 Rent Company Profile

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.