American Homes 4 Rent (NYSE:AMH) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a research report released on Monday.

A number of other brokerages have also commented on AMH. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Mizuho raised their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Royal Bank of Canada upped their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $38.61 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $37.81 and its two-hundred day simple moving average is $37.46. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The stock has a market capitalization of $14.27 billion, a P/E ratio of 39.90, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.69%. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

Institutional Trading of American Homes 4 Rent

Several hedge funds have recently made changes to their positions in AMH. Swedbank AB increased its position in shares of American Homes 4 Rent by 14.3% during the second quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust’s stock worth $14,864,000 after acquiring an additional 50,000 shares during the period. OFI Invest Asset Management acquired a new stake in shares of American Homes 4 Rent in the 2nd quarter worth $632,000. Marshall Wace LLP purchased a new stake in American Homes 4 Rent in the second quarter valued at about $17,367,000. Catalyst Capital Advisors LLC acquired a new position in shares of American Homes 4 Rent during the third quarter valued at about $53,000. Finally, Easterly Investment Partners LLC increased its stake in American Homes 4 Rent by 96.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust’s stock valued at $9,227,000 after purchasing an additional 122,048 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

About American Homes 4 Rent

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.