American Homes 4 Rent (NYSE:AMH) Receives $40.14 Consensus Target Price from Brokerages

American Homes 4 Rent (NYSE:AMH) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $40.14.

Several research analysts have recently issued reports on the stock. Raymond James dropped their target price on shares of American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Barclays upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reduced their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a report on Thursday, January 23rd. Finally, Mizuho dropped their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th.

American Homes 4 Rent Price Performance

Shares of AMH opened at $37.84 on Tuesday. The firm’s 50-day simple moving average is $36.24 and its two-hundred day simple moving average is $36.44. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The stock has a market cap of $14.01 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. Analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.17%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, March 14th. American Homes 4 Rent’s payout ratio is 111.11%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMH. EverSource Wealth Advisors LLC raised its holdings in American Homes 4 Rent by 4.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust’s stock worth $7,337,000 after purchasing an additional 8,370 shares during the period. Clearbridge Investments LLC increased its position in American Homes 4 Rent by 26.3% in the fourth quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust’s stock worth $105,597,000 after buying an additional 588,302 shares in the last quarter. PGGM Investments raised its stake in shares of American Homes 4 Rent by 7.3% in the fourth quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust’s stock worth $39,760,000 after buying an additional 71,890 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of American Homes 4 Rent by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock valued at $162,180,000 after buying an additional 110,022 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of American Homes 4 Rent by 4.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 504,023 shares of the real estate investment trust’s stock valued at $18,861,000 after acquiring an additional 22,310 shares during the period. 91.87% of the stock is currently owned by institutional investors.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.