American Homes 4 Rent (NYSE:AMH) Price Target Lowered to $38.00 at Keefe, Bruyette & Woods

American Homes 4 Rent (NYSE:AMH) had its target price cut by Keefe, Bruyette & Woods from $39.00 to $38.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a market perform rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on the stock. Royal Bank of Canada boosted their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Evercore ISI dropped their target price on American Homes 4 Rent from $42.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 30th. Mizuho boosted their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Scotiabank restated an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $36.00 to $42.00 in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.53.

American Homes 4 Rent Trading Up 2.7 %

NYSE:AMH opened at $36.37 on Wednesday. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. 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 50 day moving average is $38.48 and its 200 day moving average is $37.29. The stock has a market capitalization of $13.33 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 2.90 and a beta of 0.77.

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

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.86%. The ex-dividend date was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AMH. Natixis Advisors LLC grew its stake in shares of American Homes 4 Rent by 1.2% during the third quarter. Natixis Advisors LLC now owns 88,650 shares of the real estate investment trust’s stock valued at $3,403,000 after buying an additional 1,031 shares during the last quarter. Metis Global Partners LLC boosted its holdings in American Homes 4 Rent by 23.9% during the 3rd quarter. Metis Global Partners LLC now owns 36,564 shares of the real estate investment trust’s stock valued at $1,404,000 after acquiring an additional 7,050 shares during the period. KBC Group NV grew its position in American Homes 4 Rent by 553.0% during the 3rd quarter. KBC Group NV now owns 378,819 shares of the real estate investment trust’s stock worth $14,543,000 after acquiring an additional 320,805 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in American Homes 4 Rent by 26.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 264,802 shares of the real estate investment trust’s stock worth $10,166,000 after purchasing an additional 56,158 shares during the period. Finally, MQS Management LLC bought a new stake in American Homes 4 Rent in the third quarter valued at approximately $867,000. 91.87% of the stock is 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.