American Homes 4 Rent (NYSE:AMH) Receives $40.23 Average PT from Analysts

American Homes 4 Rent (NYSE:AMH - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $40.23.

A number of research analysts have weighed in on the company. Mizuho decreased their price target on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. JMP Securities reaffirmed a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Morgan Stanley 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 $39.00 to $40.00 in a research note on Friday, January 24th. Scotiabank downgraded shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 target price for the company. in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a "buy" rating to a "hold" rating and dropped their price objective for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st.

Institutional Investors Weigh In On American Homes 4 Rent

Large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at $822,019,000. Invesco Ltd. raised its holdings in shares of American Homes 4 Rent by 186.2% during the fourth quarter. Invesco Ltd. now owns 6,292,773 shares of the real estate investment trust's stock valued at $235,476,000 after purchasing an additional 4,094,177 shares during the period. Janus Henderson Group PLC grew its stake in shares of American Homes 4 Rent by 2,150.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust's stock valued at $74,276,000 after buying an additional 1,849,020 shares during the period. Wellington Management Group LLP increased its position in American Homes 4 Rent by 96.2% in the 4th quarter. Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust's stock valued at $119,411,000 after buying an additional 1,564,994 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in American Homes 4 Rent by 185.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock worth $74,438,000 after buying an additional 1,291,865 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 7.0 %

NYSE:AMH traded up $2.31 during trading hours on Friday, reaching $35.11. 2,553,848 shares of the stock were exchanged, compared to its average volume of 2,201,420. The stock has a market cap of $13.00 billion, a PE ratio of 32.51, a PEG ratio of 3.56 and a beta of 0.73. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The firm has a 50 day moving average of $35.81 and a 200 day moving average of $36.60. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. On average, equities analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.42%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. The ex-dividend date was Friday, March 14th. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

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.