American Homes 4 Rent (NYSE:AMH) Given Average Rating of “Hold” by Analysts

American Homes 4 Rent (NYSE:AMH) has been assigned a consensus rating of “Hold” from the seventeen ratings firms that are covering the company, MarketBeat reports. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $37.4375.

A number of equities research analysts recently issued reports on AMH shares. The Goldman Sachs Group set a $37.00 price objective on American Homes 4 Rent in a research note on Monday, December 15th. Wall Street Zen lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Sunday, January 18th. UBS Group dropped their price target on shares of American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Morgan Stanley reduced their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Finally, Mizuho reissued a “neutral” rating and set a $32.00 target price (down previously from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th.

Insider Transactions at American Homes 4 Rent

In related news, Director Douglas N. Benham bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was acquired at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the purchase, the director directly owned 7,991 shares in the company, valued at $252,915.15. This trade represents a 14.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jack E. Corrigan bought 5,000 shares of American Homes 4 Rent stock in a transaction on Tuesday, December 9th. The shares were bought at an average cost of $22.96 per share, with a total value of $114,800.00. Following the acquisition, the director directly owned 17,300 shares in the company, valued at approximately $397,208. This represents a 40.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 6.01% of the company’s stock.

Institutional Trading of American Homes 4 Rent

A number of hedge funds and other institutional investors have recently bought and sold shares of AMH. Sequoia Financial Advisors LLC bought a new position in shares of American Homes 4 Rent during the second quarter valued at about $311,000. Tectonic Advisors LLC increased its holdings in American Homes 4 Rent by 69.9% during the 3rd quarter. Tectonic Advisors LLC now owns 88,306 shares of the real estate investment trust’s stock valued at $2,936,000 after purchasing an additional 36,323 shares during the period. SG Americas Securities LLC raised its position in American Homes 4 Rent by 1,062.5% during the 3rd quarter. SG Americas Securities LLC now owns 162,675 shares of the real estate investment trust’s stock valued at $5,409,000 after purchasing an additional 148,682 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in American Homes 4 Rent by 13.3% in the 3rd quarter. Retirement Systems of Alabama now owns 910,363 shares of the real estate investment trust’s stock worth $30,270,000 after buying an additional 106,550 shares during the period. Finally, Capital Investment Advisors LLC purchased a new stake in American Homes 4 Rent in the 3rd quarter worth approximately $9,217,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $30.77 on Thursday. The business’s 50 day simple moving average is $31.63 and its 200 day simple moving average is $33.08. American Homes 4 Rent has a 12 month low of $28.84 and a 12 month high of $39.49. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.00 and a beta of 0.79. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The firm had revenue of $478.46 million for the quarter, compared to analyst estimates of $475.75 million. During the same period in the previous year, the company posted $0.44 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, December 15th. American Homes 4 Rent’s payout ratio is presently 101.69%.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.