American Homes 4 Rent (NYSE:AMH) Price Target Raised to $42.00 at Evercore ISI

American Homes 4 Rent (NYSE:AMH) had its price objective hoisted by Evercore ISI from $41.00 to $42.00 in a report published on Monday, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

A number of other analysts have also recently issued reports on AMH. UBS Group lifted their target price on shares of 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. Scotiabank reiterated 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. 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. Wells Fargo & Company upgraded American Homes 4 Rent from an equal weight rating to an overweight rating and boosted their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Finally, Royal Bank of Canada increased their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an outperform rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent has an average rating of Moderate Buy and a consensus target price of $41.60.

American Homes 4 Rent Trading Up 0.4 %

NYSE AMH opened at $39.81 on Monday. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 3.35 and a beta of 0.76. The firm’s 50 day moving average price is $38.18 and its two-hundred day moving average price is $36.89.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.18). The company had revenue of $423.50 million during the quarter, compared to analyst estimates of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. Equities analysts anticipate that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.61%. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Institutional Trading of American Homes 4 Rent

Several institutional investors have recently made changes to their positions in AMH. Vanguard Group Inc. raised its position in American Homes 4 Rent by 2.5% in the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after purchasing an additional 1,094,714 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of American Homes 4 Rent by 41.0% in the 4th quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock worth $318,755,000 after buying an additional 2,575,854 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of American Homes 4 Rent by 6.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock worth $324,798,000 after buying an additional 507,307 shares during the period. Dimensional Fund Advisors LP boosted its stake in American Homes 4 Rent by 7.3% in 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 buying an additional 334,358 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in 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. 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.