American Homes 4 Rent (NYSE:AMH) Price Target Lowered to $39.00 at Royal Bank of Canada

American Homes 4 Rent (NYSE:AMH) had its price objective reduced by Royal Bank of Canada from $40.00 to $39.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the company. Barclays lowered their target price on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price for the company. in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.47.

American Homes 4 Rent Price Performance

Shares of AMH opened at $34.79 on Monday. American Homes 4 Rent has a twelve month low of $34.01 and a twelve month high of $41.41. The company has a market capitalization of $12.85 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 3.61 and a beta of 0.78. The firm has a 50 day moving average of $35.67 and a 200 day moving average of $37.34. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The business had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.35% and a net margin of 23.86%. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.86 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.45%. American Homes 4 Rent’s dividend payout ratio (DPR) is 111.11%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,286 shares of the stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the transaction, the director now directly owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. This represents a 24.16 % decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is owned by company insiders.

Institutional Trading of American Homes 4 Rent

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank grew its holdings in American Homes 4 Rent by 6.8% during the fourth quarter. Toronto Dominion Bank now owns 44,224 shares of the real estate investment trust’s stock worth $1,655,000 after acquiring an additional 2,814 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth approximately $224,000. Burgundy Asset Management Ltd. lifted its stake in shares of American Homes 4 Rent by 1.6% in the 4th quarter. Burgundy Asset Management Ltd. now owns 3,844,552 shares of the real estate investment trust’s stock valued at $143,863,000 after purchasing an additional 60,756 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in American Homes 4 Rent by 0.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,846,804 shares of the real estate investment trust’s stock worth $106,527,000 after buying an additional 19,336 shares in the last quarter. Finally, Sophron Capital Management L.P. acquired a new stake in American Homes 4 Rent during the fourth quarter valued at $2,445,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

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.