American Homes 4 Rent (NYSE:AMH) Receives $40.89 Consensus Target Price from Brokerages

American Homes 4 Rent (NYSE:AMH - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $40.89.

Several equities analysts recently commented on the company. Evercore ISI increased their target price on American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Barclays boosted their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. Keefe, Bruyette & Woods raised their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research note on Tuesday, May 6th. Raymond James raised their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, Scotiabank increased their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th.

Insider Activity at American Homes 4 Rent

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew 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 worth $1,681,984,000 after acquiring an additional 240,583 shares during the last quarter. Norges Bank acquired a new position in shares of American Homes 4 Rent in the 4th quarter valued at $822,019,000. Principal Financial Group Inc. increased its stake in American Homes 4 Rent by 6.8% in 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 purchasing an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in American Homes 4 Rent by 15.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock worth $601,169,000 after buying an additional 2,094,497 shares during the period. Finally, FMR LLC raised its holdings in American Homes 4 Rent by 9.2% during the 4th quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock worth $336,157,000 after buying an additional 757,772 shares during the period. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Price Performance

NYSE AMH traded up $0.13 on Friday, hitting $37.78. The company had a trading volume of 3,236,995 shares, compared to its average volume of 2,191,767. The company has a market capitalization of $13.98 billion, a PE ratio of 34.98, a PEG ratio of 3.56 and a beta of 0.78. The company's fifty day moving average price is $37.03 and its 200-day moving average price is $36.56. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. 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 posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $459.28 million during the quarter, compared to analysts' expectations of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. As a group, analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.18%. American Homes 4 Rent's payout ratio is currently 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.