Keefe, Bruyette & Woods Has Lowered Expectations for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its price objective cut by Keefe, Bruyette & Woods from $39.00 to $38.00 in a report released on Wednesday morning,Benzinga reports. They currently have a market perform rating on the real estate investment trust’s stock.

AMH has been the subject of a number of other reports. 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 price target for the company. UBS Group lifted their price objective on 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. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada increased their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.53.

American Homes 4 Rent Stock Up 0.6 %

American Homes 4 Rent stock opened at $36.96 on Wednesday. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The firm has a market cap of $13.66 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The business’s 50-day moving average price is $38.38 and its 200 day moving average price is $37.31. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to analyst estimates 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 for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 payout ratio is 108.33%.

Institutional Investors Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently bought and sold shares of AMH. Texas Permanent School Fund Corp purchased a new position in shares of American Homes 4 Rent during the first quarter worth about $10,238,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in American Homes 4 Rent during the first quarter worth approximately $524,000. CANADA LIFE ASSURANCE Co lifted its stake in American Homes 4 Rent by 40.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 599,777 shares of the real estate investment trust’s stock valued at $22,056,000 after buying an additional 173,015 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $1,679,868,000 after acquiring an additional 1,094,714 shares during the period. Finally, American International Group Inc. grew its position in shares of American Homes 4 Rent by 15,281.0% during the first quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust’s stock worth $15,489,000 after acquiring an additional 418,393 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.