American Homes 4 Rent (NYSE:AMH) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of American Homes 4 Rent (NYSE:AMH – Get Rating) have received an average recommendation of “Buy” from the twenty-one research firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $45.06.
Several brokerages have weighed in on AMH. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Tuesday. StockNews.com started coverage on American Homes 4 Rent in a research note on Thursday, March 31st. They set a “hold” rating on the stock. KeyCorp started coverage on American Homes 4 Rent in a research report on Tuesday, February 1st. They set a “sector weight” rating for the company. B. Riley decreased their target price on American Homes 4 Rent from $47.00 to $43.00 in a research report on Wednesday, May 11th. Finally, Morgan Stanley decreased their target price on American Homes 4 Rent from $43.50 to $41.00 and set an “equal weight” rating for the company in a research report on Friday, March 11th.
In other American Homes 4 Rent news, Director Tamara Hughes Gustavson purchased 200,000 shares of the company’s stock in a transaction dated Thursday, May 12th. The stock was purchased at an average price of $35.71 per share, for a total transaction of $7,142,000.00. Following the transaction, the director now owns 8,830,956 shares in the company, valued at approximately $315,353,438.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Douglas N. Benham bought 1,275 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The stock was purchased at an average price of $25.41 per share, with a total value of $32,397.75. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 201,981 shares of company stock valued at $7,194,098. 6.03% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. UMB Bank N A MO bought a new stake in American Homes 4 Rent in the 1st quarter worth approximately $27,000. First Horizon Advisors Inc. increased its stake in American Homes 4 Rent by 292.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 757 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 564 shares during the period. Evoke Wealth LLC increased its stake in American Homes 4 Rent by 254.5% in the 3rd quarter. Evoke Wealth LLC now owns 741 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 532 shares during the period. Allworth Financial LP purchased a new position in American Homes 4 Rent in the 1st quarter worth approximately $32,000. Finally, Charter Oak Capital Management LLC purchased a new position in American Homes 4 Rent in the 4th quarter worth approximately $35,000. Institutional investors own 88.49% of the company’s stock.
Shares of AMH traded up $0.26 during trading hours on Friday, reaching $36.55. The stock had a trading volume of 163,115 shares, compared to its average volume of 3,246,111. American Homes 4 Rent has a 12 month low of $34.79 and a 12 month high of $44.07. The firm has a 50-day simple moving average of $39.45 and a 200 day simple moving average of $39.98. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 77.57, a P/E/G ratio of 2.89 and a beta of 0.58.
American Homes 4 Rent (NYSE:AMH – Get Rating) last issued its earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The company had revenue of $356.11 million for the quarter, compared to analysts’ expectations of $355.76 million. During the same period last year, the business earned $0.32 EPS. American Homes 4 Rent’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities analysts forecast that American Homes 4 Rent will post 1.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.72 annualized dividend and a yield of 1.97%. American Homes 4 Rent’s dividend payout ratio is currently 153.19%.
American Homes 4 Rent Company Profile (Get Rating)
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and “American Homes 4 Rent” is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
Receive News & Ratings for American Homes 4 Rent Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Homes 4 Rent and related companies with MarketBeat.com’s FREE daily email newsletter.