American Homes 4 Rent (NYSE:AMH) Price Target Raised to $41.00

American Homes 4 Rent (NYSE:AMH) had its target price boosted by Evercore ISI from $40.00 to $41.00 in a research note published on Friday,Benzinga reports. Evercore ISI currently has an outperform rating on the real estate investment trust’s stock.

Several other equities research analysts also recently commented on the company. Raymond James dropped their target price on American Homes 4 Rent from $44.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Barclays increased their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Finally, Mizuho cut their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.07.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $39.38 on Friday. The business has a fifty day simple moving average of $36.32 and a 200-day simple moving average of $36.43. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The company has a market cap of $14.58 billion, a P/E ratio of 36.46, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. American Homes 4 Rent’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. Equities research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.05%. This is a boost 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 dividend payout ratio (DPR) is presently 111.11%.

Institutional Investors Weigh In On American Homes 4 Rent

A number of institutional investors and hedge funds have recently modified their holdings of AMH. Mountain Hill Investment Partners Corp. purchased a new position in American Homes 4 Rent during the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC bought a new position in American Homes 4 Rent during the first quarter valued at approximately $29,000. National Pension Service bought a new position in shares of American Homes 4 Rent during the 4th quarter valued at $30,000. Parallel Advisors LLC lifted its position in shares of American Homes 4 Rent by 171.1% in the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 532 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 392 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

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.