American Homes 4 Rent to Issue Quarterly Dividend of $0.22 (NYSE:AMH)

American Homes 4 Rent (NYSE:AMH) declared a quarterly dividend on Tuesday, August 1st, Zacks reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.22 per share by the real estate investment trust on Friday, September 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, September 14th.

American Homes 4 Rent has increased its dividend payment by an average of 53.3% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. American Homes 4 Rent has a dividend payout ratio of 157.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect American Homes 4 Rent to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 50.0%.

American Homes 4 Rent Stock Performance

AMH stock opened at $36.31 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $36.12 and its two-hundred day moving average price is $34.07. American Homes 4 Rent has a 1-year low of $28.78 and a 1-year high of $37.97. The firm has a market cap of $13.14 billion, a PE ratio of 37.05, a P/E/G ratio of 3.48 and a beta of 0.68.

Insider Buying and Selling

In other American Homes 4 Rent news, CAO Brian Reitz sold 1,800 shares of American Homes 4 Rent stock in a transaction on Monday, July 31st. The shares were sold at an average price of $37.47, for a total transaction of $67,446.00. Following the completion of the transaction, the chief accounting officer now directly owns 36,210 shares of the company’s stock, valued at $1,356,788.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Brian Reitz sold 1,800 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $37.47, for a total value of $67,446.00. Following the transaction, the chief accounting officer now directly owns 36,210 shares of the company’s stock, valued at $1,356,788.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Bryan Smith sold 28,407 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $36.11, for a total transaction of $1,025,776.77. Following the completion of the transaction, the chief operating officer now owns 94,478 shares in the company, valued at approximately $3,411,600.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,693 shares of company stock valued at $1,582,090. 6.32% of the stock is owned by insiders.

Institutional Trading of American Homes 4 Rent

Several hedge funds have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL acquired a new position in American Homes 4 Rent in the 2nd quarter valued at $316,000. California State Teachers Retirement System boosted its position in shares of American Homes 4 Rent by 1.9% in the second quarter. California State Teachers Retirement System now owns 519,692 shares of the real estate investment trust’s stock valued at $18,423,000 after acquiring an additional 9,749 shares during the period. Neo Ivy Capital Management acquired a new position in shares of American Homes 4 Rent in the second quarter valued at about $305,000. Public Employees Retirement System of Ohio increased its position in American Homes 4 Rent by 0.8% during the second quarter. Public Employees Retirement System of Ohio now owns 569,841 shares of the real estate investment trust’s stock worth $20,201,000 after acquiring an additional 4,424 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in American Homes 4 Rent by 2.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 12,679 shares of the real estate investment trust’s stock worth $449,000 after purchasing an additional 326 shares in the last quarter. 83.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMH. B. Riley lifted their price target on shares of American Homes 4 Rent from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Raymond James lifted their price target on American Homes 4 Rent from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, August 28th. StockNews.com started coverage on American Homes 4 Rent in a research report on Thursday, August 17th. They set a “hold” rating for the company. Royal Bank of Canada lifted their target price on American Homes 4 Rent from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Finally, Citigroup upped their price target on American Homes 4 Rent from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, July 14th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.19.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading 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.