American Homes 4 Rent (AMH) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts are moderately bullish on AMH: Ten of 17 analysts rate it a buy, one rates it a strong buy, and six recommend holding. The average 12-month price target is $35.94 versus the stock’s $31.65 opening price.
• Insider and institutional ownership is strong: An insider recently bought 8,000 shares, while institutional investors and hedge funds own 91.87% of the stock.
• AMH exceeded quarterly earnings expectations, reporting $0.31 in EPS versus an estimated $0.18, and generated $470.1 million in revenue. The company also pays a quarterly dividend of $0.33 per share, yielding about 4.2%.

American Homes 4 Rent (NYSE:AMH - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seventeen ratings firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $35.94.

AMH has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, August 19th. Royal Bank Of Canada lowered their target price on shares of American Homes 4 Rent from $37.00 to $35.00 and set an "outperform" rating on the stock in a report on Tuesday, October 13th. Jefferies Financial Group upgraded shares of American Homes 4 Rent to a "strong-buy" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company cut their price target on American Homes 4 Rent from $38.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. Finally, Keefe, Bruyette & Woods raised their price objective on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack Corrigan purchased 8,000 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were bought at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the purchase, the director owned 25,000 shares in the company, valued at approximately $537,250. This trade represents a 47.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders acquired 15,000 shares of company stock valued at $328,040. Company insiders own 5.70% of the company's stock.

Institutional Trading of American Homes 4 Rent

Several large investors have recently bought and sold shares of AMH. Principal Financial Group Inc. boosted its position in American Homes 4 Rent by 19.8% in the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust's stock valued at $528,736,000 after buying an additional 3,126,434 shares in the last quarter. Lasalle Investment Management Securities LLC increased its holdings in shares of American Homes 4 Rent by 18.9% during the first quarter. Lasalle Investment Management Securities LLC now owns 3,633,873 shares of the real estate investment trust's stock worth $101,458,000 after buying an additional 577,750 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of American Homes 4 Rent by 83.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,544,892 shares of the real estate investment trust's stock worth $98,973,000 after buying an additional 1,608,934 shares in the last quarter. CI Investments Inc. increased its holdings in shares of American Homes 4 Rent by 20.1% during the first quarter. CI Investments Inc. now owns 2,959,426 shares of the real estate investment trust's stock worth $82,627,000 after buying an additional 496,037 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of American Homes 4 Rent by 69.0% in the 1st quarter. Bank of America Corp DE now owns 1,609,254 shares of the real estate investment trust's stock valued at $44,930,000 after acquiring an additional 656,937 shares during the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Stock Up 0.3%

AMH stock opened at $31.65 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $11.41 billion, a PE ratio of 25.12, a PEG ratio of 4.81 and a beta of 0.77. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $35.07. The business's 50 day simple moving average is $31.66 and its 200 day simple moving average is $31.61.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The firm had revenue of $470.10 million for the quarter, compared to analysts' expectations of $466.51 million. During the same period in the prior year, the firm earned $0.47 EPS. The business's revenue was up 2.8% on a year-over-year basis. As a group, research analysts anticipate that American Homes 4 Rent will post 1.91 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, September 15th. American Homes 4 Rent's payout ratio is currently 104.76%.

About American Homes 4 Rent

American Homes 4 Rent NYSE: AMH is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company's activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.

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