Brokerages Set American Homes 4 Rent (NYSE:AMH) Price Target at $40.23

Shares of American Homes 4 Rent (NYSE:AMH) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $40.23.

Several brokerages have commented on AMH. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. JMP Securities reiterated a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Mizuho reduced their target price on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Barclays increased their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th.

American Homes 4 Rent Price Performance

Shares of AMH stock opened at $35.47 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a 12 month low of $34.01 and a 12 month high of $41.41. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.56 and a beta of 0.77. The stock has a 50-day moving average price of $35.89 and a 200 day moving average price of $36.76.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.02 million. Research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Friday, March 14th. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio is 111.11%.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently made changes to their positions in AMH. Mountain Hill Investment Partners Corp. acquired a new stake in shares of American Homes 4 Rent in the 4th quarter valued at about $26,000. National Pension Service acquired a new stake in American Homes 4 Rent in the 4th quarter valued at approximately $30,000. Jones Financial Companies Lllp lifted its stake in American Homes 4 Rent by 56.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 392 shares in the last quarter. UMB Bank n.a. grew its stake in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 607 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 375 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.