American Homes 4 Rent (NYSE:AMH) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of American Homes 4 Rent (NYSE:AMH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $41.60.

Several research firms have recently commented on AMH. Scotiabank reissued an "outperform" rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Royal Bank of Canada boosted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. UBS Group increased their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, August 16th. Wells Fargo & Company upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Finally, Mizuho increased their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th.

Institutional Investors Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. Vanguard Group Inc. grew its stake in shares of American Homes 4 Rent by 2.5% in the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust's stock valued at $1,679,868,000 after buying an additional 1,094,714 shares in the last quarter. PGGM Investments acquired a new position in American Homes 4 Rent during the 1st quarter worth $32,199,000. Price T Rowe Associates Inc. MD grew its stake in American Homes 4 Rent by 6.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust's stock worth $324,798,000 after purchasing an additional 507,307 shares in the last quarter. Marshall Wace LLP acquired a new position in American Homes 4 Rent during the 2nd quarter worth $17,367,000. Finally, American International Group Inc. grew its stake in American Homes 4 Rent by 15,281.0% during the 1st quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust's stock worth $15,489,000 after purchasing an additional 418,393 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Stock Up 0.6 %

NYSE AMH traded up $0.20 on Tuesday, reaching $35.40. 1,907,010 shares of the stock traded hands, compared to its average volume of 2,575,308. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The company has a fifty day moving average price of $38.61 and a 200-day moving average price of $37.30. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.90 and a beta of 0.77. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, research analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.26 per share. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.94%. American Homes 4 Rent's payout ratio is 108.33%.

American Homes 4 Rent Company Profile

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.