Royal Bank of Canada Increases American Homes 4 Rent (NYSE:AMH) Price Target to $41.00

American Homes 4 Rent (NYSE:AMH - Free Report) had its target price lifted by Royal Bank of Canada from $39.00 to $41.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust's stock.

Several other brokerages have also recently commented on AMH. Barclays lifted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 12th. Morgan Stanley upgraded shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Raymond James reduced their price target on American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Scotiabank downgraded American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price objective for the company. in a report on Thursday, January 23rd. Finally, Mizuho reduced their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus target price of $40.36.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded down $0.25 during trading on Monday, reaching $38.54. The company's stock had a trading volume of 107,924 shares, compared to its average volume of 2,164,839. American Homes 4 Rent has a one year low of $31.68 and a one year high of $41.41. The stock has a 50-day moving average price of $36.48 and a two-hundred day moving average price of $36.46. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $14.27 billion, a P/E ratio of 35.69, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $459.28 million for the quarter, compared to analysts' expectations of $449.00 million. During the same period in the prior year, the firm earned $0.43 earnings per share. American Homes 4 Rent's revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. American Homes 4 Rent's dividend payout ratio is 111.11%.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 4,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was acquired at an average price of $23.42 per share, with a total value of $93,680.00. Following the completion of the transaction, the director now owns 12,000 shares in the company, valued at approximately $281,040. This trade represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the sale, the chief accounting officer now directly owns 99,214 shares in the company, valued at $3,870,338.14. This trade represents a 29.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.01% of the stock is owned by insiders.

Institutional Trading of American Homes 4 Rent

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of American Homes 4 Rent by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust's stock valued at $1,681,984,000 after purchasing an additional 240,583 shares during the period. Norges Bank acquired a new stake in shares of American Homes 4 Rent in the fourth quarter valued at approximately $822,019,000. Principal Financial Group Inc. boosted its stake in shares of American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after acquiring an additional 1,015,351 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of American Homes 4 Rent by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock worth $516,591,000 after acquiring an additional 689,741 shares during the last quarter. Finally, FMR LLC raised its stake in American Homes 4 Rent by 9.2% in the 4th quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock valued at $336,157,000 after acquiring an additional 757,772 shares during the period. 91.87% of the stock is owned by institutional investors.

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.