American Homes 4 Rent (NYSE:AMH) Receives $39.67 Average Price Target from Brokerages

Shares of American Homes 4 Rent (NYSE:AMH - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.67.

Several equities research analysts have issued reports on the stock. BNP Paribas began coverage on shares of American Homes 4 Rent in a research note on Monday, January 22nd. They issued an "outperform" rating and a $42.00 price target on the stock. Royal Bank of Canada restated an "outperform" rating and set a $39.00 price objective on shares of American Homes 4 Rent in a research note on Monday, February 26th. Mizuho boosted their price objective on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Citigroup raised shares of American Homes 4 Rent from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $37.00 to $41.00 in a report on Friday, March 22nd. Finally, StockNews.com downgraded shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a report on Wednesday, March 20th.

American Homes 4 Rent Stock Up 0.7 %

AMH stock traded up $0.24 during midday trading on Friday, hitting $35.28. The company's stock had a trading volume of 2,657,299 shares, compared to its average volume of 3,448,972. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $37.97. The company's fifty day moving average price is $35.84 and its 200 day moving average price is $35.38. The stock has a market capitalization of $12.92 billion, a P/E ratio of 35.28, a PEG ratio of 2.66 and a beta of 0.70.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 2.95%. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.22. American Homes 4 Rent's payout ratio is currently 104.00%.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 50,000 shares of the business's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company's stock, valued at approximately $4,617,576.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Bryan Smith sold 50,000 shares of the business's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,617,576.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew J. Hart sold 7,263 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the completion of the transaction, the director now owns 41,336 shares of the company's stock, valued at $1,519,511.36. The disclosure for this sale can be found here. Insiders sold 60,263 shares of company stock valued at $2,212,078 in the last quarter. Company insiders own 6.32% of the company's stock.

Hedge Funds Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently made changes to their positions in AMH. State of Alaska Department of Revenue increased its position in American Homes 4 Rent by 22.1% during the 1st quarter. State of Alaska Department of Revenue now owns 193,354 shares of the real estate investment trust's stock worth $7,110,000 after purchasing an additional 35,030 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in American Homes 4 Rent by 4.9% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 35,960 shares of the real estate investment trust's stock worth $1,323,000 after purchasing an additional 1,692 shares in the last quarter. Naviter Wealth LLC increased its position in American Homes 4 Rent by 2.7% during the 1st quarter. Naviter Wealth LLC now owns 20,157 shares of the real estate investment trust's stock worth $741,000 after purchasing an additional 523 shares in the last quarter. State of Michigan Retirement System acquired a new position in American Homes 4 Rent during the 1st quarter worth approximately $2,873,000. Finally, Gilman Hill Asset Management LLC increased its position in American Homes 4 Rent by 35.5% during the 1st quarter. Gilman Hill Asset Management LLC now owns 17,506 shares of the real estate investment trust's stock worth $644,000 after purchasing an additional 4,585 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Company Profile

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.