American Homes 4 Rent (NYSE:AMH) Receives Average Rating of “Buy” from Analysts

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American Homes 4 Rent (NYSE:AMH) has been given a consensus recommendation of “Buy” by the eleven brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $24.17.

A number of equities research analysts recently weighed in on AMH shares. Wells Fargo & Co reaffirmed a “hold” rating on shares of American Homes 4 Rent in a report on Thursday, March 14th. Zacks Investment Research lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Monday, April 1st. ValuEngine lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Mizuho raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, February 26th.

AMH traded up $0.16 during trading hours on Monday, reaching $24.88. 42,476 shares of the stock traded hands, compared to its average volume of 1,501,148. The business’s fifty day moving average price is $24.19. The firm has a market cap of $7.41 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 2.14 and a beta of 0.65. American Homes 4 Rent has a fifty-two week low of $18.91 and a fifty-two week high of $25.02. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.49.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.21). The firm had revenue of $279.20 million for the quarter, compared to analyst estimates of $275.90 million. American Homes 4 Rent had a net margin of 10.78% and a return on equity of 1.98%. American Homes 4 Rent’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. Analysts predict that American Homes 4 Rent will post 1.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, June 13th. American Homes 4 Rent’s dividend payout ratio is currently 18.87%.

In other news, CEO David P. Singelyn sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $24.05, for a total value of $7,215,000.00. Following the transaction, the chief executive officer now directly owns 100 shares in the company, valued at approximately $2,405. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David P. Singelyn sold 1,040,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $23.67, for a total transaction of $24,616,800.00. Following the completion of the transaction, the chief executive officer now owns 100 shares in the company, valued at $2,367. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,334,878 shares of company stock valued at $79,376,533. 27.58% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Morgan Stanley lifted its position in American Homes 4 Rent by 9.3% during the third quarter. Morgan Stanley now owns 4,604,179 shares of the real estate investment trust’s stock valued at $100,786,000 after purchasing an additional 392,751 shares in the last quarter. Vanguard Group Inc lifted its position in American Homes 4 Rent by 3.4% during the third quarter. Vanguard Group Inc now owns 37,392,589 shares of the real estate investment trust’s stock valued at $818,524,000 after purchasing an additional 1,212,586 shares in the last quarter. Rhumbline Advisers lifted its position in American Homes 4 Rent by 2.4% during the fourth quarter. Rhumbline Advisers now owns 271,183 shares of the real estate investment trust’s stock valued at $5,383,000 after purchasing an additional 6,241 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in American Homes 4 Rent by 2.0% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 283,897 shares of the real estate investment trust’s stock valued at $5,635,000 after purchasing an additional 5,530 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in American Homes 4 Rent by 5,761.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,286,274 shares of the real estate investment trust’s stock valued at $45,382,000 after purchasing an additional 2,247,266 shares in the last quarter. Institutional investors own 87.25% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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