American Homes 4 Rent (NYSE:AMH) Receives $42.63 Average Target Price from Brokerages

American Homes 4 Rent (NYSE:AMH) has earned an average recommendation of “Buy” from the seventeen analysts that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $42.63.

A number of brokerages have recently commented on AMH. Wells Fargo & Company lifted their target price on American Homes 4 Rent from $38.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, June 17th. Berenberg Bank lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research note on Monday, August 16th. JMP Securities increased their target price on shares of American Homes 4 Rent from $34.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 20th. Raymond James lifted their price target on shares of American Homes 4 Rent from $44.00 to $47.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 23rd. Finally, Barclays initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 1st. They set an “overweight” rating and a $49.00 price target on the stock.

In related news, CFO Christopher Lau sold 7,500 shares of American Homes 4 Rent stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $42.25, for a total value of $316,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 19th. The shares were sold at an average price of $26.31, for a total transaction of $105,240.00. The disclosure for this sale can be found here. In the last three months, insiders sold 37,000 shares of company stock worth $1,453,955. 6.61% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of AMH. Kohlberg Kravis Roberts & Co. L.P. bought a new stake in American Homes 4 Rent during the second quarter valued at about $105,866,000. Long Pond Capital LP grew its position in shares of American Homes 4 Rent by 79.0% in the 1st quarter. Long Pond Capital LP now owns 6,035,274 shares of the real estate investment trust’s stock worth $201,216,000 after buying an additional 2,663,546 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of American Homes 4 Rent by 128.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,310,021 shares of the real estate investment trust’s stock worth $128,594,000 after acquiring an additional 1,864,025 shares in the last quarter. JPMorgan Chase & Co. lifted its position in American Homes 4 Rent by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 22,327,926 shares of the real estate investment trust’s stock valued at $867,441,000 after acquiring an additional 1,740,134 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in American Homes 4 Rent by 461.1% during the second quarter. Prudential Financial Inc. now owns 1,809,968 shares of the real estate investment trust’s stock valued at $70,317,000 after acquiring an additional 1,487,365 shares during the last quarter. 85.57% of the stock is currently owned by institutional investors.

AMH stock opened at $40.53 on Friday. American Homes 4 Rent has a 52 week low of $26.96 and a 52 week high of $42.61. The firm has a market capitalization of $13.08 billion, a P/E ratio of 130.74, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50. The company has a fifty day simple moving average of $41.31 and a two-hundred day simple moving average of $37.63. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.56.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Wednesday, August 4th. The real estate investment trust reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. American Homes 4 Rent had a net margin of 12.45% and a return on equity of 2.41%. As a group, analysts anticipate that American Homes 4 Rent will post 1.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, September 14th. This represents a $0.40 annualized dividend and a yield of 0.99%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 34.48%.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating single-family home as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Calabasas, CA.

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

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