American Homes 4 Rent (NYSE:AMH) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a research report released on Monday.

Several other research firms have also issued reports on AMH. Keefe, Bruyette & Woods dropped their target price on 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. UBS Group increased their price objective on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Royal Bank of Canada boosted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Finally, Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Trading Up 0.8 %

NYSE:AMH opened at $38.62 on Monday. The company has a market cap of $14.27 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The business has a 50 day moving average price of $37.79 and a two-hundred day moving average price of $37.46. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $443.81 million. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts expect that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.69%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Institutional Trading of American Homes 4 Rent

A number of institutional investors have recently modified their holdings of AMH. Maryland Capital Advisors Inc. acquired a new position in American Homes 4 Rent during the third quarter valued at approximately $25,000. UMB Bank n.a. increased its stake in shares of American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of American Homes 4 Rent during the 2nd quarter worth $32,000. Assetmark Inc. lifted its position in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in American Homes 4 Rent in the second quarter valued at about $44,000. 91.87% of the stock is currently owned by 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.