American Homes 4 Rent (NYSE:AMH) Declares Dividend Increase - $0.30 Per Share

American Homes 4 Rent (NYSE:AMH - Get Free Report) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.30 per share by the real estate investment trust on Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, March 14th. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26.

American Homes 4 Rent has increased its dividend payment by an average of 37.5% per year over the last three years. American Homes 4 Rent has a dividend payout ratio of 164.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect American Homes 4 Rent to earn $1.86 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 64.5%.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock traded down $0.62 during mid-day trading on Monday, hitting $35.21. 2,710,696 shares of the company were exchanged, compared to its average volume of 2,262,991. The business has a fifty day moving average of $35.91 and a 200 day moving average of $37.43. 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 has a 1-year low of $34.01 and a 1-year high of $41.41. The company has a market capitalization of $13.01 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 3.45 and a beta of 0.78.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,286 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Bryan Smith sold 40,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares in the company, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMH shares. Keefe, Bruyette & Woods cut their price target on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. Morgan Stanley raised American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. Barclays cut their price target on American Homes 4 Rent from $39.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, January 24th. StockNews.com cut American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $40.67.

American Homes 4 Rent Company Profile

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.