American Homes 4 Rent (NYSE:AMH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of American Homes 4 Rent (NYSE:AMH) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $40.47.

Several equities research analysts have recently commented on AMH shares. JPMorgan Chase & Co. boosted their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Evercore ISI boosted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. Keefe, Bruyette & Woods upped their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the stock a “market perform” rating in a report on Monday, May 13th. Finally, Barclays dropped their price objective on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th.

American Homes 4 Rent Stock Up 1.0 %

Shares of NYSE:AMH opened at $39.22 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $39.33. The business’s 50 day simple moving average is $37.23 and its two-hundred day simple moving average is $36.37. The firm has a market cap of $14.37 billion, a P/E ratio of 40.02, a PEG ratio of 3.10 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The firm had revenue of $423.50 million for the quarter, compared to analyst estimates of $422.46 million. During the same period in the previous year, the company earned $0.41 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts forecast that American Homes 4 Rent will post 1.74 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Friday, September 13th. American Homes 4 Rent’s payout ratio is 106.12%.

Institutional Investors Weigh In On American Homes 4 Rent

Several large investors have recently modified their holdings of AMH. V Square Quantitative Management LLC bought a new position in American Homes 4 Rent during the second quarter valued at $32,000. GAMMA Investing LLC bought a new position in shares of American Homes 4 Rent during the 4th quarter worth $44,000. Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent in the 2nd quarter worth about $44,000. Opal Wealth Advisors LLC bought a new stake in American Homes 4 Rent in the 2nd quarter valued at about $54,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in American Homes 4 Rent by 24.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

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.