American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties. As of September 30, 2020, we owned 53,229 single-family properties in selected submarkets in 22 states.
Analyst Ratings Changes
AMH has been the topic of a number of analyst reports. Evercore ISI increased their price target on American Homes 4 Rent to $39.00 in a research note on Tuesday. Mizuho dropped their price objective on American Homes 4 Rent from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Wednesday, July 6th. Raymond James reaffirmed a "strong-buy" rating and set a $45.00 price objective (down previously from $48.00) on shares of American Homes 4 Rent in a research note on Thursday, June 23rd. Credit Suisse Group dropped their price objective on American Homes 4 Rent from $44.00 to $36.00 and set a "neutral" rating on the stock in a research note on Thursday, June 23rd. Finally, Morgan Stanley dropped their price objective on American Homes 4 Rent from $39.00 to $37.50 and set an "equal weight" rating on the stock in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.68.
American Homes 4 Rent Stock Up 0.4 %
Shares of NYSE:AMH traded up $0.15 during mid-day trading on Tuesday, hitting $37.20. The company had a trading volume of 2,572,594 shares, compared to its average volume of 2,745,572. The company has a market capitalization of $12.96 billion, a PE ratio of 65.26, a price-to-earnings-growth ratio of 3.04 and a beta of 0.58. The firm has a 50-day simple moving average of $35.85 and a two-hundred day simple moving average of $37.86. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.55. American Homes 4 Rent has a one year low of $32.60 and a one year high of $44.07.
American Homes 4 Rent (NYSE:AMH - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.22). The company had revenue of $361.90 million during the quarter, compared to the consensus estimate of $362.35 million. American Homes 4 Rent had a net margin of 15.67% and a return on equity of 3.48%. American Homes 4 Rent's revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. On average, equities analysts expect that American Homes 4 Rent will post 1.56 EPS for the current year.
American Homes 4 Rent Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Wednesday, September 14th. American Homes 4 Rent's payout ratio is 126.32%.
Insider Activity
In related news, Director Tamara Hughes Gustavson acquired 200,000 shares of the firm's stock in a transaction dated Thursday, May 12th. The stock was bought at an average price of $35.71 per share, for a total transaction of $7,142,000.00. Following the acquisition, the director now directly owns 8,830,956 shares of the company's stock, valued at $315,353,438.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 200,706 shares of company stock worth $7,161,700 in the last quarter. Corporate insiders own 6.03% of the company's stock.