American Homes 4 Rent (NYSE:AMH) Receives $40.90 Consensus Target Price from Analysts

Shares of American Homes 4 Rent (NYSE:AMH) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $40.90.

Several analysts have commented on AMH shares. Raymond James Financial increased their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods upped their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the company a “market perform” rating in a report on Tuesday, May 6th. Morgan Stanley upped their price objective on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the company an “overweight” rating in a report on Thursday, May 22nd. Finally, Scotiabank upped their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Monday, May 12th.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock opened at $35.52 on Friday. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 3.73 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50 day moving average price of $36.91 and a 200-day moving average price of $36.30. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $459.28 million during the quarter, compared to analysts’ expectations of $449.00 million. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Equities analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.38%. American Homes 4 Rent’s payout ratio is 111.11%.

Insider Buying and Selling

In other news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the sale, the chief accounting officer owned 99,214 shares of the company’s stock, valued at $3,870,338.14. This trade represents a 29.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jack E. Corrigan purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the purchase, the director directly owned 15,000 shares in the company, valued at $343,950. This trade represents a 36.36% increase in their position. The disclosure for this purchase can be found here. 6.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors have recently added to or reduced their stakes in the stock. Mountain Hill Investment Partners Corp. acquired a new stake in American Homes 4 Rent in the 4th quarter valued at $26,000. Golden State Wealth Management LLC purchased a new position in American Homes 4 Rent in the 1st quarter valued at $29,000. Parallel Advisors LLC lifted its holdings in American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 532 shares in the last quarter. Pandora Wealth Inc. purchased a new position in American Homes 4 Rent in the 1st quarter valued at $38,000. 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 valued at $41,000 after purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.