Evercore ISI Increases American Homes 4 Rent (NYSE:AMH) Price Target to $39.00

American Homes 4 Rent (NYSE:AMH) had its price objective raised by Evercore ISI from $38.00 to $39.00 in a research note published on Tuesday, Benzinga reports. The brokerage currently has an in-line rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Raymond James increased their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Mizuho increased their target price on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. StockNews.com downgraded American Homes 4 Rent from a hold rating to a sell rating in a research report on Wednesday, March 20th. Scotiabank increased their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the stock a sector outperform rating in a research report on Thursday, May 16th. Finally, Barclays dropped their price objective on American Homes 4 Rent from $43.00 to $42.00 and set an overweight rating for the company in a research note on Wednesday, May 29th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent currently has an average rating of Moderate Buy and a consensus target price of $39.73.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $36.03 on Tuesday. The stock has a fifty day simple moving average of $36.32 and a two-hundred day simple moving average of $35.93. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $37.97. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 3.14 and a beta of 0.74. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). The company had revenue of $423.56 million for the quarter, compared to analysts’ expectations of $421.28 million. American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Analysts anticipate that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Friday, June 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

Insider Transactions at American Homes 4 Rent

In related news, Director Douglas N. Benham acquired 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the completion of the acquisition, the director now owns 37,997 shares in the company, valued at $873,931. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, Director Douglas N. Benham acquired 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the completion of the acquisition, the director now owns 37,997 shares in the company, valued at $873,931. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Jack E. Corrigan acquired 10,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was bought at an average price of $22.78 per share, for a total transaction of $227,800.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $227,800. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in American Homes 4 Rent by 64.4% during the 2nd quarter. SG Americas Securities LLC now owns 78,488 shares of the real estate investment trust’s stock valued at $2,917,000 after purchasing an additional 30,750 shares during the period. Opal Wealth Advisors LLC purchased a new position in American Homes 4 Rent during the 2nd quarter valued at about $54,000. Manning & Napier Advisors LLC purchased a new position in American Homes 4 Rent during the 2nd quarter valued at about $8,132,000. Boston Common Asset Management LLC purchased a new position in American Homes 4 Rent during the 2nd quarter valued at about $642,000. Finally, DNB Asset Management AS increased its holdings in American Homes 4 Rent by 15.7% during the 2nd quarter. DNB Asset Management AS now owns 52,729 shares of the real estate investment trust’s stock valued at $1,959,000 after purchasing an additional 7,153 shares during the period. 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.