American Homes 4 Rent (NYSE:AMH) Now Covered by Barclays

Barclays initiated coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research note published on Tuesday, MarketBeat reports. The brokerage issued an equal weight rating and a $39.00 price objective on the real estate investment trust’s stock.

Several other equities research analysts have also recently issued reports on AMH. Scotiabank reissued an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $36.00 to $42.00 in a report on Monday, August 26th. Mizuho upped their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.38.

American Homes 4 Rent Trading Down 1.4 %

Shares of NYSE AMH opened at $36.90 on Tuesday. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 3.33 and a beta of 0.78. The business’s 50 day moving average price is $37.51 and its 200-day moving average price is $37.61.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. During the same quarter in the previous year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Douglas N. Benham bought 3,286 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the transaction, the director now directly owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors have recently modified their holdings of the stock. TCW Group Inc. acquired a new stake in American Homes 4 Rent during the third quarter worth about $962,000. Marshall Wace LLP purchased a new stake in American Homes 4 Rent during the second quarter worth $17,367,000. Catalyst Capital Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter valued at about $53,000. Easterly Investment Partners LLC raised its holdings in American Homes 4 Rent by 96.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust’s stock worth $9,227,000 after purchasing an additional 122,048 shares during the period. Finally, Bank of Montreal Can boosted its position in American Homes 4 Rent by 6.6% during the second quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust’s stock worth $11,437,000 after purchasing an additional 19,143 shares in 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.