American Homes 4 Rent (NYSE:AMH) Receives $41.67 Average Price Target from Brokerages

American Homes 4 Rent (NYSE:AMH) has received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $41.67.

A number of research firms have recently commented on AMH. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. increased their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. The Goldman Sachs Group began coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price on the stock. Mizuho increased their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, Royal Bank of Canada increased their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Texas Permanent School Fund Corp bought a new position in American Homes 4 Rent in the first quarter valued at about $10,238,000. Mutual of America Capital Management LLC bought a new position in American Homes 4 Rent in the first quarter valued at about $6,970,000. Los Angeles Capital Management LLC bought a new position in American Homes 4 Rent in the first quarter valued at about $5,711,000. Mirae Asset Global Investments Co. Ltd. bought a new position in American Homes 4 Rent in the first quarter valued at about $524,000. Finally, Vanguard Group Inc. lifted its holdings in American Homes 4 Rent by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 44,578,702 shares of the real estate investment trust’s stock valued at $1,603,050,000 after acquiring an additional 179,219 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of AMH stock opened at $38.10 on Friday. The stock has a market cap of $13.96 billion, a price-to-earnings ratio of 38.88, a PEG ratio of 3.10 and a beta of 0.76. The business’s fifty day moving average is $38.88 and its 200 day moving average is $37.15. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.18). The firm had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. American Homes 4 Rent’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. Research analysts expect that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is 106.12%.

American Homes 4 Rent Company Profile

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.