American Homes 4 Rent (NYSE:AMH) has earned a consensus rating of “Buy” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $24.25.

Several research firms have recently commented on AMH. Wells Fargo & Co lifted their target price on American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a research note on Tuesday, August 28th. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Mizuho set a $25.00 price target on American Homes 4 Rent and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, Zelman & Associates lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, July 30th.

Shares of NYSE AMH traded down $0.38 during midday trading on Friday, hitting $20.82. The stock had a trading volume of 1,703,596 shares, compared to its average volume of 2,584,477. The stock has a market capitalization of $6.16 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.44 and a beta of 0.58. American Homes 4 Rent has a fifty-two week low of $18.39 and a fifty-two week high of $23.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 0.85.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.27 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. The company had revenue of $264.48 million during the quarter, compared to analysts’ expectations of $257.89 million. American Homes 4 Rent had a return on equity of 1.76% and a net margin of 10.20%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.26 EPS. Equities research analysts forecast that American Homes 4 Rent will post 1.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.96%. American Homes 4 Rent’s dividend payout ratio is currently 19.61%.

In other news, insider Sara H. Vogt-Lowell sold 100,000 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $23.00, for a total value of $2,300,000.00. Following the transaction, the insider now directly owns 86,790 shares in the company, valued at approximately $1,996,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas N. Benham purchased 2,000 shares of American Homes 4 Rent stock in a transaction dated Wednesday, October 10th. The stock was bought at an average price of $23.73 per share, for a total transaction of $47,460.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at $189,840. The disclosure for this purchase can be found here. Insiders sold a total of 150,000 shares of company stock worth $3,450,000 over the last 90 days. 27.82% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Commonwealth Bank of Australia lifted its holdings in American Homes 4 Rent by 42.9% during the second quarter. Commonwealth Bank of Australia now owns 1,352,840 shares of the real estate investment trust’s stock worth $30,407,000 after acquiring an additional 406,024 shares in the last quarter. Security Capital Research & Management Inc. increased its position in American Homes 4 Rent by 95.5% during the second quarter. Security Capital Research & Management Inc. now owns 3,339,970 shares of the real estate investment trust’s stock worth $74,081,000 after buying an additional 1,631,925 shares during the last quarter. Employees Retirement System of Texas increased its position in American Homes 4 Rent by 14.3% during the second quarter. Employees Retirement System of Texas now owns 383,500 shares of the real estate investment trust’s stock worth $8,506,000 after buying an additional 48,000 shares during the last quarter. Investec Asset Management PTY Ltd increased its position in American Homes 4 Rent by 19.4% during the second quarter. Investec Asset Management PTY Ltd now owns 49,800 shares of the real estate investment trust’s stock worth $1,105,000 after buying an additional 8,100 shares during the last quarter. Finally, Northern Trust Corp increased its position in American Homes 4 Rent by 4.1% during the second quarter. Northern Trust Corp now owns 2,678,265 shares of the real estate investment trust’s stock worth $59,405,000 after buying an additional 106,297 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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