American Homes 4 Rent (NYSE:AMH) Receives $40.23 Average Price Target from Analysts

American Homes 4 Rent (NYSE:AMH) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $40.23.

A number of equities analysts have commented on AMH shares. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Mizuho lowered their price objective on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Thursday, March 13th. Scotiabank lowered 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 research note on Thursday, January 23rd. Barclays raised their price objective 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, Royal Bank of Canada decreased their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th.

American Homes 4 Rent Price Performance

AMH stock opened at $32.84 on Friday. American Homes 4 Rent has a 1 year low of $32.47 and a 1 year high of $41.41. The firm has a market capitalization of $12.16 billion, a PE ratio of 30.41, 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 current ratio of 0.76 and a quick ratio of 0.58. The business has a 50 day simple moving average of $35.79 and a 200-day simple moving average of $36.65.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. Equities research 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 business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.65%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 111.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMH. Parallel Advisors LLC lifted its position in shares of American Homes 4 Rent by 171.1% during the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 532 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of American Homes 4 Rent by 2,913.9% during the 1st quarter. GAMMA Investing LLC now owns 123,298 shares of the real estate investment trust’s stock worth $4,662,000 after acquiring an additional 119,207 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of American Homes 4 Rent in the 1st quarter valued at about $216,000. California State Teachers Retirement System raised its position in shares of American Homes 4 Rent by 15.3% during the 4th quarter. California State Teachers Retirement System now owns 488,849 shares of the real estate investment trust’s stock worth $18,293,000 after acquiring an additional 64,702 shares in the last quarter. Finally, Siemens Fonds Invest GmbH purchased a new stake in American Homes 4 Rent during the fourth quarter worth approximately $932,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

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.