Raymond James Issues Pessimistic Forecast for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its target price cut by Raymond James from $44.00 to $39.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on AMH. Royal Bank of Canada reduced their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. JMP Securities reiterated a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho dropped their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. One investment 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, the stock presently has an average rating of “Hold” and an average price target of $40.14.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $35.17 on Friday. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 3.56 and a beta of 0.73. The stock has a fifty day moving average of $35.82 and a 200 day moving average of $36.52. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. 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 posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The firm had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. As a group, research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Friday, March 14th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio is currently 111.11%.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. bought a new position in American Homes 4 Rent in the 4th quarter valued at approximately $26,000. National Pension Service purchased a new position in shares of American Homes 4 Rent in the fourth quarter worth $30,000. Parallel Advisors LLC lifted its holdings in shares of American Homes 4 Rent by 171.1% during the first 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. Jones Financial Companies Lllp boosted its position in shares of American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 392 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in American Homes 4 Rent by 37.1% in the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 375 shares in the last quarter. Institutional investors 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.