American Homes 4 Rent (AMH) Receives $24.33 Consensus Price Target from Analysts

American Homes 4 Rent (NYSE:AMH) has been given an average rating of “Buy” by the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.33.

Several analysts recently issued reports on the company. Morgan Stanley cut their target price on American Homes 4 Rent from $25.00 to $22.50 and set an “overweight” rating for the company in a research report on Thursday, June 14th. ValuEngine upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. Robert W. Baird assumed coverage on American Homes 4 Rent in a research report on Thursday, March 29th. They set an “outperform” rating and a $23.00 target price for the company. B. Riley assumed coverage on American Homes 4 Rent in a research report on Monday, March 12th. They set a “buy” rating and a $26.00 target price for the company. Finally, Mizuho set a $23.00 target price on American Homes 4 Rent and gave the stock a “buy” rating in a research report on Monday, March 19th.

Shares of American Homes 4 Rent opened at $22.01 on Monday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.48 and a quick ratio of 1.48. American Homes 4 Rent has a 1-year low of $18.39 and a 1-year high of $23.23. The company has a market cap of $6.51 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.45 and a beta of 0.58.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). American Homes 4 Rent had a return on equity of 1.56% and a net margin of 9.07%. The business had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $251.72 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. sell-side analysts expect that American Homes 4 Rent will post 1.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, June 14th. American Homes 4 Rent’s payout ratio is 19.61%.

In other news, Director Tamara Hughes Gustavson acquired 507,614 shares of American Homes 4 Rent stock in a transaction on Friday, May 18th. The shares were bought at an average cost of $19.70 per share, for a total transaction of $9,999,995.80. Following the acquisition, the director now directly owns 15,586,898 shares of the company’s stock, valued at approximately $307,061,890.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director B Wayne Et Al Hughes acquired 19,320 shares of American Homes 4 Rent stock in a transaction on Wednesday, May 9th. The shares were purchased at an average price of $20.70 per share, for a total transaction of $399,924.00. The disclosure for this purchase can be found here. Insiders bought a total of 913,099 shares of company stock valued at $18,385,566 over the last ninety days. Corporate insiders own 27.82% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank increased its holdings in American Homes 4 Rent by 6.4% during the 4th quarter. Amalgamated Bank now owns 46,033 shares of the real estate investment trust’s stock worth $1,005,000 after purchasing an additional 2,754 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in American Homes 4 Rent by 8.3% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,517 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 3,038 shares during the period. Rhumbline Advisers increased its holdings in American Homes 4 Rent by 1.2% during the 4th quarter. Rhumbline Advisers now owns 259,368 shares of the real estate investment trust’s stock worth $5,665,000 after purchasing an additional 3,053 shares during the period. California State Teachers Retirement System increased its holdings in American Homes 4 Rent by 0.9% during the 4th quarter. California State Teachers Retirement System now owns 404,618 shares of the real estate investment trust’s stock worth $8,837,000 after purchasing an additional 3,476 shares during the period. Finally, Reliance Trust Co. of Delaware increased its holdings in American Homes 4 Rent by 17.1% during the 4th quarter. Reliance Trust Co. of Delaware now owns 23,920 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 3,499 shares during the period. Institutional investors own 85.48% of the company’s stock.

About American Homes 4 Rent

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.

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

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