American Homes 4 Rent (NYSE:AMH) Given Consensus Rating of “Moderate Buy” by Brokerages

American Homes 4 Rent (NYSE:AMH) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $39.67.

A number of analysts have recently weighed in on the stock. Mizuho upped their price target on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 price target on shares of American Homes 4 Rent in a research note on Monday, February 26th. BNP Paribas assumed coverage on shares of American Homes 4 Rent in a research note on Monday, January 22nd. They issued an “outperform” rating and a $42.00 price target for the company. Finally, Raymond James upped their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th.

American Homes 4 Rent Trading Up 1.1 %

American Homes 4 Rent stock opened at $35.05 on Friday. The firm has a 50-day moving average price of $35.83 and a two-hundred day moving average price of $35.36. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.66 and a beta of 0.70. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $37.97. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.97%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. American Homes 4 Rent’s payout ratio is currently 104.00%.

Insider Activity

In other news, Director Matthew J. Hart sold 7,263 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the sale, the director now owns 41,336 shares in the company, valued at $1,519,511.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other American Homes 4 Rent news, Director Matthew J. Hart sold 7,263 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total value of $266,987.88. Following the transaction, the director now owns 41,336 shares in the company, valued at approximately $1,519,511.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Bryan Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,617,576.60. The disclosure for this sale can be found here. Insiders have sold 60,263 shares of company stock worth $2,212,078 over the last 90 days. 6.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its stake in American Homes 4 Rent by 4.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,685 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 293 shares during the period. GAMMA Investing LLC grew its position in American Homes 4 Rent by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 302 shares in the last quarter. Public Sector Pension Investment Board grew its position in American Homes 4 Rent by 1.0% in the fourth quarter. Public Sector Pension Investment Board now owns 31,624 shares of the real estate investment trust’s stock worth $1,137,000 after acquiring an additional 306 shares in the last quarter. Penserra Capital Management LLC grew its position in American Homes 4 Rent by 2.0% in the third quarter. Penserra Capital Management LLC now owns 15,746 shares of the real estate investment trust’s stock worth $529,000 after acquiring an additional 309 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in American Homes 4 Rent by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 19,915 shares of the real estate investment trust’s stock worth $706,000 after acquiring an additional 320 shares in the last quarter. Institutional investors and hedge funds 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.