American Homes 4 Rent (NYSE:AMH) Upgraded by Evercore ISI to Outperform Rating

Evercore ISI upgraded shares of American Homes 4 Rent (NYSE:AMH) from an in-line rating to an outperform rating in a research report released on Monday, Marketbeat.com reports. They currently have $42.00 target price on the real estate investment trust’s stock, up from their prior target price of $41.00.

A number of other equities research analysts have also recently weighed in on AMH. JPMorgan Chase & Co. upped their price objective on 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. Scotiabank reissued 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. UBS Group lifted their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Finally, Mizuho raised their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Trading Down 1.2 %

NYSE AMH opened at $37.51 on Monday. The company’s 50-day simple moving average is $38.21 and its two-hundred day simple moving average is $37.35. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 3.22 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58.

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 analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.77%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently made changes to their positions in the company. Edgestream Partners L.P. boosted its holdings in American Homes 4 Rent by 640.7% during the third quarter. Edgestream Partners L.P. now owns 87,273 shares of the real estate investment trust’s stock worth $3,350,000 after buying an additional 75,491 shares in the last quarter. Vinva Investment Management Ltd acquired a new position in shares of American Homes 4 Rent in the third quarter worth about $1,021,000. Public Sector Pension Investment Board boosted its stake in shares of American Homes 4 Rent by 29.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 42,936 shares of the real estate investment trust’s stock worth $1,648,000 after acquiring an additional 9,838 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of American Homes 4 Rent by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,827,468 shares of the real estate investment trust’s stock valued at $108,546,000 after acquiring an additional 110,586 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American Homes 4 Rent by 51.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 636,212 shares of the real estate investment trust’s stock valued at $24,424,000 after purchasing an additional 217,492 shares in the last quarter. Institutional investors and hedge funds 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.