American Homes 4 Rent (NYSE:AMH) Price Target Increased to $40.00 by Analysts at Mizuho

American Homes 4 Rent (NYSE:AMH) had its target price upped by Mizuho from $39.00 to $40.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other brokerages also recently weighed in on AMH. Royal Bank of Canada upped their target price 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. UBS Group upped their target price on 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 boosted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an in-line rating in a research note on Monday, September 16th. Wells Fargo & Company raised American Homes 4 Rent from an equal weight rating to an overweight rating and boosted their price target for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Finally, The Goldman Sachs Group started coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a buy rating and a $48.00 price target for the company. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent presently has a consensus rating of Moderate Buy and an average price target of $41.67.

American Homes 4 Rent Stock Performance

Shares of AMH traded up $0.11 during midday trading on Thursday, hitting $37.56. 47,810 shares of the stock traded hands, compared to its average volume of 2,582,071. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $41.41. The firm has a market capitalization of $13.77 billion, a PE ratio of 39.01, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76. 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 business’s 50 day moving average price is $38.88 and its two-hundred day moving average price is $37.09.

American Homes 4 Rent (NYSE:AMH) last posted 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 return on equity of 4.89% and a net margin of 21.83%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. Equities research analysts predict that American Homes 4 Rent will post 1.76 EPS 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 issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is 108.33%.

Hedge Funds Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 302 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 310 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of American Homes 4 Rent by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 314 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of American Homes 4 Rent by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock worth $544,000 after acquiring an additional 357 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in shares of American Homes 4 Rent by 0.7% during the 1st quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust’s stock worth $2,651,000 after acquiring an additional 510 shares during the last quarter. Institutional investors 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.