American Homes 4 Rent (NYSE:AMH) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research note issued to investors on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $48.00 price target on the real estate investment trust’s stock.

A number of other research firms also recently issued reports on AMH. StockNews.com raised American Homes 4 Rent from a sell rating to a hold rating in a research report on Saturday, August 10th. Royal Bank of Canada lifted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an outperform rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods lifted their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the company a market perform rating in a research report on Monday, May 13th. Wells Fargo & Company upgraded American Homes 4 Rent from an equal weight rating to an overweight rating and lifted their price target for the company from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, Evercore ISI lifted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an in-line rating in a research note on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $41.20.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $39.40 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 3.32 and a beta of 0.76. The stock has a 50 day moving average of $37.66 and a 200 day moving average of $36.62. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $40.21.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. During the same period in the previous year, the business posted $0.41 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 106.12%.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently modified their holdings of AMH. V Square Quantitative Management LLC bought a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at about $32,000. Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent during the 2nd quarter valued at about $44,000. Opal Wealth Advisors LLC purchased a new position in American Homes 4 Rent during the 2nd quarter valued at about $54,000. GAMMA Investing LLC increased its holdings in American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 302 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 310 shares during the period. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated 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. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.