JMP Securities Reaffirms Market Outperform Rating for American Homes 4 Rent (NYSE:AMH)

JMP Securities reiterated their market outperform rating on shares of American Homes 4 Rent (NYSE:AMH) in a research report released on Wednesday,Benzinga reports. JMP Securities currently has a $41.00 price target on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the stock. Mizuho lifted their price target 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. UBS Group boosted their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods cut their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.56.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $37.37 on Wednesday. The stock has a market cap of $13.81 billion, a P/E ratio of 38.93, a PEG ratio of 3.33 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $37.52 and its two-hundred day moving average price is $37.57. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. As a group, equities analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.78%. American Homes 4 Rent’s payout ratio is 108.33%.

Insider Buying and Selling

In other news, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas N. Benham purchased 3,286 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of $24.49 per share, with a total value of $80,474.14. Following the transaction, the director now owns 41,946 shares in the company, valued at $1,027,257.54. The trade was 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 insiders.

Institutional Investors Weigh In On American Homes 4 Rent

A number of institutional investors have recently made changes to their positions in the company. FMR LLC lifted its position in American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after acquiring an additional 937,116 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of American Homes 4 Rent by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock valued at $183,403,000 after purchasing an additional 334,358 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of American Homes 4 Rent by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock valued at $162,160,000 after purchasing an additional 62,367 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in American Homes 4 Rent by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock worth $146,850,000 after buying an additional 37,757 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in American Homes 4 Rent by 1.5% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 3,691,640 shares of the real estate investment trust’s stock worth $137,181,000 after buying an additional 53,648 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.