American Homes 4 Rent (NYSE:AMH) Receives $43.31 Average Target Price from Analysts
American Homes 4 Rent (NYSE:AMH – Get Rating) has earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $43.31.
AMH has been the topic of a number of research reports. Capital One Financial initiated coverage on shares of American Homes 4 Rent in a research note on Friday. They issued an “overweight” rating and a $43.00 price target on the stock. Mizuho cut their price target on shares of American Homes 4 Rent from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, July 6th. B. Riley cut their price objective on shares of American Homes 4 Rent from $47.00 to $43.00 in a research report on Wednesday, May 11th. Evercore ISI set a $40.00 price objective on shares of American Homes 4 Rent in a research report on Monday, June 20th. Finally, Credit Suisse Group cut their price objective on shares of American Homes 4 Rent from $44.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, June 23rd.
In related news, Director Tamara Hughes Gustavson acquired 200,000 shares of the firm’s stock in a transaction on Thursday, May 12th. The shares were purchased at an average cost of $35.71 per share, for a total transaction of $7,142,000.00. Following the completion of the acquisition, the director now directly owns 8,830,956 shares in the company, valued at $315,353,438.76. The purchase was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders acquired 200,706 shares of company stock worth $7,161,700. Corporate insiders own 6.03% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AMH. Norges Bank bought a new stake in shares of American Homes 4 Rent in the fourth quarter valued at about $701,205,000. Centersquare Investment Management LLC boosted its position in shares of American Homes 4 Rent by 725.9% in the first quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock valued at $192,810,000 after acquiring an additional 4,233,435 shares during the period. Vanguard Group Inc. boosted its position in shares of American Homes 4 Rent by 8.9% in the first quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock valued at $1,737,505,000 after acquiring an additional 3,533,157 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of American Homes 4 Rent by 54.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,256,460 shares of the real estate investment trust’s stock valued at $360,064,000 after acquiring an additional 2,921,537 shares during the period. Finally, BlackRock Inc. boosted its position in shares of American Homes 4 Rent by 11.3% in the fourth quarter. BlackRock Inc. now owns 23,487,597 shares of the real estate investment trust’s stock valued at $1,024,294,000 after acquiring an additional 2,384,487 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.
American Homes 4 Rent stock opened at $35.89 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64 and a quick ratio of 0.64. American Homes 4 Rent has a fifty-two week low of $32.60 and a fifty-two week high of $44.07. The company’s 50 day simple moving average is $36.08 and its 200 day simple moving average is $38.64. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 76.36, a PEG ratio of 2.94 and a beta of 0.58.
American Homes 4 Rent (NYSE:AMH – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. The firm had revenue of $356.11 million for the quarter, compared to analyst estimates of $355.76 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. As a group, analysts predict that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. 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.
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