Shares of American Homes 4 Rent (NYSE:AMH – Get Rating) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $42.07.
AMH has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of American Homes 4 Rent from $37.50 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 25th. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. Capital One Financial started coverage on shares of American Homes 4 Rent in a research report on Friday, July 8th. They set an “overweight” rating and a $43.00 price objective on the stock. Jefferies Financial Group dropped their price target on shares of American Homes 4 Rent from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Finally, Oppenheimer started coverage on shares of American Homes 4 Rent in a research report on Monday, July 18th. They issued a “market perform” rating and a $35.00 price target on the stock.
Insider Transactions at American Homes 4 Rent
In other news, COO Bryan Smith sold 5,519 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $35.67, for a total transaction of $196,862.73. Following the completion of the sale, the chief operating officer now owns 81,287 shares in the company, valued at approximately $2,899,507.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Bryan Smith sold 5,519 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $35.67, for a total transaction of $196,862.73. Following the completion of the sale, the chief operating officer now owns 81,287 shares in the company, valued at approximately $2,899,507.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kenneth M. Woolley sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $36.69, for a total transaction of $366,900.00. Following the sale, the director now owns 20,128 shares of the company’s stock, valued at approximately $738,496.32. The disclosure for this sale can be found here. 6.03% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of AMH. Ensign Peak Advisors Inc grew its stake in American Homes 4 Rent by 79.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 23,025 shares of the real estate investment trust’s stock valued at $1,004,000 after buying an additional 10,185 shares in the last quarter. Geode Capital Management LLC grew its stake in American Homes 4 Rent by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 5,336,766 shares of the real estate investment trust’s stock valued at $232,736,000 after buying an additional 397,006 shares in the last quarter. Invesco Ltd. grew its stake in American Homes 4 Rent by 34.3% in the 4th quarter. Invesco Ltd. now owns 5,934,855 shares of the real estate investment trust’s stock valued at $258,820,000 after buying an additional 1,516,658 shares in the last quarter. Schroder Investment Management Group grew its stake in American Homes 4 Rent by 54.7% in the 4th quarter. Schroder Investment Management Group now owns 1,146,292 shares of the real estate investment trust’s stock valued at $49,990,000 after buying an additional 405,368 shares in the last quarter. Finally, Gotham Asset Management LLC grew its stake in American Homes 4 Rent by 122.3% in the 4th quarter. Gotham Asset Management LLC now owns 13,606 shares of the real estate investment trust’s stock valued at $593,000 after buying an additional 7,486 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.
American Homes 4 Rent Stock Performance
Shares of AMH opened at $33.94 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $11.82 billion, a P/E ratio of 59.54, a price-to-earnings-growth ratio of 3.23 and a beta of 0.60. The firm’s fifty day simple moving average is $36.57 and its two-hundred day simple moving average is $37.44. American Homes 4 Rent has a 12 month low of $32.60 and a 12 month high of $44.07.
American Homes 4 Rent (NYSE:AMH – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.22). The company had revenue of $361.90 million for the quarter, compared to the consensus estimate of $362.35 million. American Homes 4 Rent had a return on equity of 3.46% and a net margin of 15.67%. American Homes 4 Rent’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. As a group, analysts predict that American Homes 4 Rent will post 1.56 EPS for the current year.
American Homes 4 Rent Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.72 annualized dividend and a yield of 2.12%. American Homes 4 Rent’s dividend payout ratio (DPR) is 126.32%.
About American Homes 4 Rent
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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