JMP Securities Reaffirms “Market Outperform” Rating for American Homes 4 Rent (NYSE:AMH)

JMP Securities reaffirmed their market outperform rating on shares of American Homes 4 Rent (NYSE:AMH) in a report issued on Tuesday morning,Benzinga reports. They currently have a $41.00 price objective on the real estate investment trust’s stock.

Several other analysts also recently issued reports on AMH. Mizuho upped their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods reduced their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Barclays began coverage on shares of American Homes 4 Rent in a report on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.40.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $35.21 on Tuesday. 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 company has a market capitalization of $13.01 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. The firm has a 50-day moving average price of $37.16 and a two-hundred day moving average price of $37.70. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41.

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

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.95%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,286 shares of American Homes 4 Rent stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the transaction, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. This represents a 8.50 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter worth $173,000. DekaBank Deutsche Girozentrale grew its stake in shares of American Homes 4 Rent by 4.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 272,536 shares of the real estate investment trust’s stock valued at $9,815,000 after acquiring an additional 12,820 shares in the last quarter. Federated Hermes Inc. increased its position in shares of American Homes 4 Rent by 14.0% during the second quarter. Federated Hermes Inc. now owns 46,259 shares of the real estate investment trust’s stock worth $1,719,000 after acquiring an additional 5,690 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of American Homes 4 Rent by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock worth $146,850,000 after acquiring an additional 37,757 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in American Homes 4 Rent by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock valued at $183,403,000 after purchasing an additional 334,358 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

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.