American Homes 4 Rent (NYSE:AMH – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $42.74.
A number of brokerages have recently weighed in on AMH. Morgan Stanley lowered their target price on American Homes 4 Rent from $39.00 to $37.50 and set an “equal weight” rating on the stock in a research report on Friday, July 15th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Mizuho lowered their target price on American Homes 4 Rent from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, July 6th. Oppenheimer started coverage on American Homes 4 Rent in a research report on Monday, July 18th. They set a “market perform” rating and a $35.00 target price on the stock. Finally, Credit Suisse Group lowered their price target on American Homes 4 Rent from $44.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, June 23rd.
Insider Transactions at American Homes 4 Rent
In other news, Director Tamara Hughes Gustavson purchased 200,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was bought at an average price of $35.71 per share, for a total transaction of $7,142,000.00. Following the purchase, the director now owns 8,830,956 shares of the company’s stock, valued at $315,353,438.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders bought 200,706 shares of company stock worth $7,161,700. 6.03% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in AMH. Norges Bank bought a new position in American Homes 4 Rent in the 4th quarter worth about $701,205,000. Centersquare Investment Management LLC boosted its stake in American Homes 4 Rent by 725.9% in the 1st quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock worth $192,810,000 after purchasing an additional 4,233,435 shares during the period. Vanguard Group Inc. raised its holdings in shares of American Homes 4 Rent by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after acquiring an additional 3,533,157 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of American Homes 4 Rent by 54.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,256,460 shares of the real estate investment trust’s stock valued at $360,064,000 after acquiring an additional 2,921,537 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of American Homes 4 Rent by 11.3% in the 4th quarter. BlackRock Inc. now owns 23,487,597 shares of the real estate investment trust’s stock valued at $1,024,294,000 after acquiring an additional 2,384,487 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.
American Homes 4 Rent Price Performance
American Homes 4 Rent stock opened at $37.05 on Wednesday. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 78.83, a PEG ratio of 3.05 and a beta of 0.58. American Homes 4 Rent has a 52-week low of $32.60 and a 52-week high of $44.07. The stock’s 50 day moving average price is $35.87 and its two-hundred day moving average price is $37.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64 and a current ratio of 0.64.
American Homes 4 Rent (NYSE:AMH – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The firm had revenue of $356.11 million for the quarter, compared to analysts’ expectations of $355.76 million. During the same period in the prior year, the business earned $0.32 EPS. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts predict that American Homes 4 Rent will post 1.56 earnings per share for the current year.
American Homes 4 Rent Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.72 annualized dividend and a dividend yield of 1.94%. American Homes 4 Rent’s payout ratio is 153.19%.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and “American Homes 4 Rent” is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
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