American Homes 4 Rent (NYSE:AMH) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a report released on Tuesday morning.

A number of other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company raised shares of American Homes 4 Rent from an equal weight rating to an overweight rating and upped their target price for the company from $36.00 to $42.00 in a report on Monday, August 26th. Scotiabank reaffirmed an outperform rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. UBS Group upped 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 report on Friday, August 16th. Evercore ISI upped their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an in-line rating in a report on Monday, September 16th. Finally, The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a buy rating and a $48.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $41.60.

American Homes 4 Rent Trading Down 0.1 %

American Homes 4 Rent stock opened at $38.10 on Tuesday. The firm has a 50-day moving average of $38.66 and a 200-day moving average of $37.03. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 38.85, a P/E/G ratio of 3.32 and a beta of 0.76.

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

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.73%. American Homes 4 Rent’s dividend payout ratio is 106.12%.

Institutional Trading of American Homes 4 Rent

Large investors have recently made changes to their positions in the company. Texas Permanent School Fund Corp acquired a new stake in shares of American Homes 4 Rent during the 1st quarter worth approximately $10,238,000. Mutual of America Capital Management LLC acquired a new stake in American Homes 4 Rent in the first quarter valued at approximately $6,970,000. Los Angeles Capital Management LLC acquired a new stake in American Homes 4 Rent in the first quarter valued at approximately $5,711,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in American Homes 4 Rent in the first quarter valued at approximately $524,000. Finally, Vanguard Group Inc. boosted its position in American Homes 4 Rent by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 44,578,702 shares of the real estate investment trust’s stock valued at $1,603,050,000 after buying an additional 179,219 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.