American Homes 4 Rent (NYSE:AMH) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a report issued on Monday.

Several other analysts also recently issued reports on AMH. Keefe, Bruyette & Woods lowered their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Mizuho raised their target price 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. Finally, UBS Group boosted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $38.05 on Monday. The firm has a fifty day moving average of $37.91 and a 200-day moving average of $37.43. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $14.06 billion, a P/E ratio of 39.64, a PEG ratio of 3.25 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (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 analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. As a group, analysts predict that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 108.33%.

Institutional Trading of American Homes 4 Rent

Institutional investors have recently added to or reduced their stakes in the business. Swedbank AB boosted its holdings in shares of American Homes 4 Rent by 14.3% in the 2nd quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust’s stock valued at $14,864,000 after buying an additional 50,000 shares during the period. OFI Invest Asset Management acquired a new position in American Homes 4 Rent in the second quarter valued at approximately $632,000. Marshall Wace LLP bought a new position in shares of American Homes 4 Rent during the second quarter valued at approximately $17,367,000. Catalyst Capital Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth approximately $53,000. Finally, Easterly Investment Partners LLC lifted its holdings in shares of American Homes 4 Rent by 96.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust’s stock worth $9,227,000 after purchasing an additional 122,048 shares during the last quarter. 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.