Analysts Set American Homes 4 Rent (NYSE:AMH) Price Target at $41.60

American Homes 4 Rent (NYSE:AMH) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $41.60.

Several equities research analysts have commented on AMH shares. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $41.00 to $42.00 in a research note on Monday. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. JPMorgan Chase & Co. upped their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Royal Bank of Canada lifted their price target 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. Finally, Keefe, Bruyette & Woods lowered their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th.

Institutional Investors Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Maryland Capital Advisors Inc. acquired a new stake in American Homes 4 Rent during the third quarter worth about $25,000. UMB Bank n.a. raised its position in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 604 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent during the 2nd quarter valued at approximately $32,000. Assetmark Inc. lifted its holdings in American Homes 4 Rent by 359.1% in the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in American Homes 4 Rent during the second quarter worth $44,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $37.39 on Tuesday. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The company has a market cap of $13.82 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 3.06 and a beta of 0.77. The company’s 50 day moving average is $38.33 and its 200 day moving average is $37.34.

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

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.78%. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

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.