American Homes 4 Rent (NYSE:AMH) Receives Average Recommendation of “Moderate Buy” from Analysts

American Homes 4 Rent (NYSE:AMH) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $40.90.

AMH has been the topic of several research reports. Barclays upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. Raymond James Financial upped their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Morgan Stanley upped their price objective on American Homes 4 Rent from $39.00 to $40.50 and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Finally, Citigroup cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Friday, June 6th.

American Homes 4 Rent Stock Up 1.1%

NYSE:AMH opened at $36.44 on Wednesday. The stock’s fifty day moving average price is $37.27 and its two-hundred day moving average price is $36.47. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 33.74, a P/E/G ratio of 3.76 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.45% and a net margin of 23.41%. The firm had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Friday, June 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 111.11%.

Insiders Place Their Bets

In other news, Director Jack E. Corrigan bought 4,000 shares of the stock in a transaction on Thursday, June 12th. The stock was purchased at an average price of $22.93 per share, for a total transaction of $91,720.00. Following the acquisition, the director now owns 15,000 shares in the company, valued at approximately $343,950. This trade represents a 36.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the transaction, the chief accounting officer now owns 99,214 shares of the company’s stock, valued at approximately $3,870,338.14. This trade represents a 29.99% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.01% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

A number of large investors have recently added to or reduced their stakes in AMH. Mountain Hill Investment Partners Corp. bought a new position in American Homes 4 Rent during the 4th quarter worth about $26,000. Golden State Wealth Management LLC acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at about $29,000. National Pension Service acquired a new stake in shares of American Homes 4 Rent in the fourth quarter valued at about $30,000. Parallel Advisors LLC increased its position in shares of American Homes 4 Rent by 171.1% in the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 532 shares during the last quarter. Finally, Pandora Wealth Inc. acquired a new stake in shares of American Homes 4 Rent in the first quarter valued at about $38,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.