Shares of American Homes 4 Rent (NYSE:AMH) have received an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $24.50.
A number of research firms have recently commented on AMH. Wells Fargo & Co raised their price target on American Homes 4 Rent from $22.00 to $24.00 and gave the stock a “market perform” rating in a report on Tuesday, August 28th. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Mizuho set a $25.00 price target on American Homes 4 Rent and gave the stock a “buy” rating in a report on Friday, August 3rd. Zelman & Associates lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Finally, Morgan Stanley lowered their price objective on American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating on the stock in a research report on Thursday, June 14th.
In other American Homes 4 Rent news, Director Tamara Hughes Gustavson acquired 217,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were bought at an average price of $22.93 per share, for a total transaction of $4,975,810.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephanie G. Heim sold 24,900 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $23.00, for a total value of $572,700.00. Following the completion of the sale, the executive vice president now owns 62,676 shares in the company, valued at approximately $1,441,548. The disclosure for this sale can be found here. Insiders sold 150,000 shares of company stock worth $3,450,000 in the last quarter. 27.82% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of AMH. Qube Research & Technologies Ltd purchased a new stake in American Homes 4 Rent during the second quarter valued at about $123,000. US Bancorp DE raised its position in American Homes 4 Rent by 75.6% during the second quarter. US Bancorp DE now owns 7,041 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 3,032 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in American Homes 4 Rent during the second quarter valued at about $209,000. OppenheimerFunds Inc. purchased a new stake in American Homes 4 Rent during the second quarter valued at about $225,000. Finally, WINTON GROUP Ltd purchased a new stake in American Homes 4 Rent during the first quarter valued at about $229,000. Institutional investors own 89.10% of the company’s stock.
Shares of American Homes 4 Rent stock traded down $0.22 during trading hours on Friday, reaching $22.87. The company had a trading volume of 1,872,798 shares, compared to its average volume of 1,622,548. American Homes 4 Rent has a one year low of $18.39 and a one year high of $23.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $6.84 billion, a P/E ratio of 22.42, a PEG ratio of 1.59 and a beta of 0.57.
American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.27 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.27. American Homes 4 Rent had a return on equity of 1.76% and a net margin of 10.20%. The firm had revenue of $264.48 million during the quarter, compared to analyst estimates of $257.89 million. During the same period last year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. sell-side analysts expect that American Homes 4 Rent will post 1.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.87%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 19.61%.
American Homes 4 Rent Company Profile
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, renovating, leasing, and operating attractive, single-family homes as rental properties.
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