Keefe, Bruyette & Woods Issues Pessimistic Forecast for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its price objective trimmed by Keefe, Bruyette & Woods from $39.00 to $38.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a market perform rating on the real estate investment trust’s stock.

AMH has been the subject of several other reports. Mizuho lifted their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective for the company. Royal Bank of Canada increased their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Scotiabank reaffirmed an “outperform” rating and set a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. increased their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.53.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $36.37 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The stock has a market cap of $13.33 billion, a P/E ratio of 37.89, a P/E/G ratio of 2.90 and a beta of 0.77. The business’s 50 day moving average price is $38.48 and its 200-day moving average price is $37.29. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The company had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. Equities research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.86%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Institutional Trading of American Homes 4 Rent

Hedge funds and other institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC lifted its position in shares of American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 275 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 310 shares during the period. Advisors Asset Management Inc. boosted its position in shares of American Homes 4 Rent by 12.5% in the first quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 314 shares during the period. Creative Planning raised its position in shares of American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 330 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of American Homes 4 Rent by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 357 shares in the last quarter. 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.