American Homes 4 Rent (NYSE:AMH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of American Homes 4 Rent (NYSE:AMH) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $39.67.

Several analysts have recently commented on the stock. BNP Paribas assumed coverage on shares of American Homes 4 Rent in a research report on Monday, January 22nd. They set an “outperform” rating and a $42.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price target on shares of American Homes 4 Rent in a research report on Monday, February 26th. Raymond James lifted their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Citigroup raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and lifted their price target for the company from $37.00 to $41.00 in a research report on Friday, March 22nd.

American Homes 4 Rent Trading Up 1.1 %

AMH opened at $35.05 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. The company’s 50 day simple moving average is $35.83 and its two-hundred day simple moving average is $35.36. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $37.97. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.66 and a beta of 0.70.

American Homes 4 Rent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.26 dividend. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 annualized dividend and a dividend yield of 2.97%. American Homes 4 Rent’s payout ratio is 104.00%.

Insiders Place Their Bets

In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,617,576.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the transaction, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.77, for a total transaction of $1,838,500.00. Following the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,617,576.60. The disclosure for this sale can be found here. Insiders sold a total of 60,263 shares of company stock worth $2,212,078 over the last 90 days. Corporate insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors have recently modified their holdings of the company. VisionPoint Advisory Group LLC purchased a new stake in shares of American Homes 4 Rent during the 3rd quarter worth $26,000. Blue Trust Inc. lifted its position in shares of American Homes 4 Rent by 1,091.3% during the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 873 shares during the last quarter. Tobam lifted its position in shares of American Homes 4 Rent by 2,192.9% during the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 921 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of American Homes 4 Rent during the 1st quarter worth $33,000. Finally, Quarry LP purchased a new stake in shares of American Homes 4 Rent during the 2nd quarter worth $41,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

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.