American Homes 4 Rent (NYSE:AMH) PT Raised to $40.00

American Homes 4 Rent (NYSE:AMH - Free Report) had its price objective upped by Mizuho from $39.00 to $40.00 in a research note published on Thursday, Benzinga reports. They currently have an outperform rating on the real estate investment trust's stock.

A number of other brokerages have also weighed in on AMH. StockNews.com upgraded American Homes 4 Rent from a sell rating to a hold rating in a research note on Tuesday, October 1st. Royal Bank of Canada lifted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an outperform rating in a research report on Monday, August 5th. Wells Fargo & Company raised shares of American Homes 4 Rent from an equal weight rating to an overweight rating and increased their price target for the stock from $36.00 to $42.00 in a report on Monday, August 26th. JPMorgan Chase & Co. raised their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a neutral rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a buy rating and a $48.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $41.67.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH traded up $0.12 during mid-day trading on Thursday, hitting $37.45. The company had a trading volume of 2,002,340 shares, compared to its average volume of 2,595,110. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.41. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 38.21, a P/E/G ratio of 3.32 and a beta of 0.76. The stock's 50-day moving average price is $38.88 and its 200-day moving average price is $37.09.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.18). The firm had revenue of $423.50 million during the quarter, compared to analysts' expectations of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. On average, sell-side analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent's dividend payout ratio is 106.12%.

Hedge Funds Weigh In On American Homes 4 Rent

Hedge funds have recently modified their holdings of the company. Texas Permanent School Fund Corp bought a new stake in American Homes 4 Rent in the first quarter valued at $10,238,000. Mutual of America Capital Management LLC purchased a new stake in American Homes 4 Rent in the first quarter worth about $6,970,000. Los Angeles Capital Management LLC bought a new stake in American Homes 4 Rent during the 1st quarter valued at approximately $5,711,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of American Homes 4 Rent during the 1st quarter worth approximately $524,000. Finally, Vanguard Group Inc. raised its position in shares of American Homes 4 Rent by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 44,578,702 shares of the real estate investment trust's stock worth $1,603,050,000 after acquiring an additional 179,219 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company's stock.

About American Homes 4 Rent

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.