Brokerages Set American Homes 4 Rent (NYSE:AMH) Target Price at $41.67

American Homes 4 Rent (NYSE:AMH) has been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $41.67.

AMH has been the topic of a number of recent research reports. The Goldman Sachs Group initiated 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 on the stock. Scotiabank restated an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Mizuho lifted their target price 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th.

Institutional Investors Weigh In On American Homes 4 Rent

Several large investors have recently added to or reduced their stakes in the business. Creative Planning increased its stake in American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 330 shares during the period. Koshinski Asset Management Inc. purchased a new stake in American Homes 4 Rent during the 3rd quarter worth approximately $317,000. Exchange Traded Concepts LLC increased its stake in American Homes 4 Rent by 556.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 21,928 shares of the real estate investment trust’s stock worth $842,000 after buying an additional 18,586 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in American Homes 4 Rent by 548.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,103 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 7,700 shares during the period. Finally, UMB Bank n.a. increased its stake in American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 604 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Stock Up 1.2 %

Shares of NYSE AMH opened at $37.89 on Friday. The company’s 50-day simple moving average is $38.88 and its 200-day simple moving average is $37.12. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $41.41. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) 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 net margin of 21.83% and a return on equity of 4.89%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. Equities analysts predict that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s payout ratio is currently 106.12%.

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.