Barclays Begins Coverage on American Homes 4 Rent (NYSE:AMH)

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

Several other research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods decreased their price target 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. JMP Securities reissued a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, December 11th. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price target for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.38.

American Homes 4 Rent Stock Up 0.3 %

AMH opened at $36.06 on Tuesday. The company has a market cap of $13.32 billion, a PE ratio of 37.56, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. The company has a 50 day moving average of $37.48 and a 200 day moving average of $37.60. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted 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). The company had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. On average, sell-side analysts expect that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s payout ratio is 108.33%.

Insider Activity

In related news, Director Douglas N. Benham bought 3,286 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the purchase, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Bryan Smith sold 40,000 shares of the firm’s 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 completion of the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently made changes to their positions in AMH. Janus Henderson Group PLC grew its position in shares of American Homes 4 Rent by 2,150.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after acquiring an additional 1,849,020 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of American Homes 4 Rent by 783.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock worth $42,507,000 after buying an additional 981,872 shares during the period. FMR LLC lifted its position in shares of American Homes 4 Rent by 12.9% during 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 buying an additional 937,116 shares in the last quarter. Marshall Wace LLP bought a new position in shares of American Homes 4 Rent during the 2nd quarter valued at approximately $17,367,000. Finally, Van Lanschot Kempen Investment Management N.V. raised its stake in American Homes 4 Rent by 39.3% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust’s stock worth $53,420,000 after acquiring an additional 405,468 shares during the period. Hedge funds and other 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.