American Homes 4 Rent (NYSE:AMH) Price Target Raised to $41.00

American Homes 4 Rent (NYSE:AMH - Free Report) had its price target upped by Scotiabank from $38.00 to $41.00 in a report released on Monday,Benzinga reports. They currently have a sector perform rating on the real estate investment trust's stock.

A number of other research analysts have also recently commented on AMH. StockNews.com upgraded American Homes 4 Rent from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods upped their price target on 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. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a "buy" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Morgan Stanley upgraded American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. Finally, Evercore ISI upped their price target on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $40.86.

American Homes 4 Rent Price Performance

Shares of AMH stock traded up $0.85 during trading hours on Monday, reaching $38.28. The company had a trading volume of 2,054,217 shares, compared to its average volume of 2,181,223. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The stock has a fifty day moving average of $36.68 and a 200-day moving average of $36.46. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $459.28 million during the quarter, compared to analyst estimates of $449.00 million. During the same period in the prior year, the business earned $0.43 earnings per share. The business's revenue was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent's dividend payout ratio (DPR) is presently 111.11%.

Insider Activity at American Homes 4 Rent

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm'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 completion of the sale, the chief accounting officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack E. Corrigan purchased 4,000 shares of American Homes 4 Rent stock in a transaction dated Monday, May 5th. The shares were bought 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 position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.

Institutional Trading of American Homes 4 Rent

Several hedge funds and other institutional investors have recently bought and sold shares of AMH. Alyeska Investment Group L.P. lifted its holdings in shares of 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 valued at $74,438,000 after acquiring an additional 1,291,865 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in American Homes 4 Rent by 4.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust's stock valued at $7,337,000 after buying an additional 8,370 shares during the last quarter. Clearbridge Investments LLC boosted its position in American Homes 4 Rent by 26.3% in the 4th quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust's stock valued at $105,597,000 after buying an additional 588,302 shares during the last quarter. PGGM Investments boosted its position in American Homes 4 Rent by 7.3% in the 4th quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock valued at $39,760,000 after buying an additional 71,890 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in American Homes 4 Rent by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock valued at $162,180,000 after buying an additional 110,022 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other 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.