American Homes 4 Rent (NYSE:AMH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of American Homes 4 Rent (NYSE:AMH) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $39.67.

Several equities research analysts have issued reports on AMH shares. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 target price on shares of American Homes 4 Rent in a research note on Monday, February 26th. Jefferies Financial Group upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and upped their price target for the company from $34.00 to $41.00 in a research report on Tuesday, January 2nd. Mizuho raised their price objective on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of American Homes 4 Rent in a report on Tuesday, January 30th. They set a “buy” rating and a $40.00 target price on the stock.

Insider Transactions at American Homes 4 Rent

In related news, Director Matthew J. Hart sold 7,263 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now directly owns 41,336 shares of the company’s stock, valued at approximately $1,519,511.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Matthew J. Hart sold 7,263 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now owns 41,336 shares of the company’s stock, valued at approximately $1,519,511.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,617,576.60. The disclosure for this sale can be found here. In the last three months, insiders sold 60,263 shares of company stock worth $2,212,078. 6.05% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in American Homes 4 Rent by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 302 shares during the last quarter. Penserra Capital Management LLC raised its holdings in American Homes 4 Rent by 2.0% during the 3rd quarter. Penserra Capital Management LLC now owns 15,746 shares of the real estate investment trust’s stock valued at $529,000 after buying an additional 309 shares during the last quarter. M&T Bank Corp raised its holdings in American Homes 4 Rent by 0.8% during the 4th quarter. M&T Bank Corp now owns 45,526 shares of the real estate investment trust’s stock valued at $1,637,000 after buying an additional 348 shares during the last quarter. Quadrant Capital Group LLC boosted its position in American Homes 4 Rent by 15.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 369 shares during the period. Finally, Cornercap Investment Counsel Inc. grew its holdings in American Homes 4 Rent by 3.2% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 12,676 shares of the real estate investment trust’s stock worth $456,000 after acquiring an additional 391 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $35.61 on Friday. The firm has a market cap of $13.04 billion, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 2.71 and a beta of 0.70. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $35.85 and its 200-day moving average is $35.42. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $37.97.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.04 annualized dividend and a yield of 2.92%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s payout ratio is 104.00%.

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.