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.
Wall Street Analyst Weigh In
Several equities analysts have commented on AMH shares. Jefferies Financial Group lowered their target price on shares of American Homes 4 Rent from $44.00 to $41.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Oppenheimer started coverage on American Homes 4 Rent in a report on Monday, July 18th. They set a "market perform" rating and a $35.00 target price on the stock. Capital One Financial initiated coverage on American Homes 4 Rent in a research report on Friday, July 8th. They set an "overweight" rating and a $43.00 price target on the stock. Evercore ISI set a $40.00 target price on American Homes 4 Rent in a research note on Monday, June 20th. Finally, BMO Capital Markets started coverage on shares of American Homes 4 Rent in a research report on Thursday, April 14th. They issued an "outperform" rating and a $46.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.74.
American Homes 4 Rent Trading Down 0.6 %
NYSE:AMH opened at $37.05 on Monday. The stock has a market cap of $12.90 billion, a PE ratio of 65.00, a price-to-earnings-growth ratio of 3.04 and a beta of 0.58. American Homes 4 Rent has a fifty-two week low of $32.60 and a fifty-two week high of $44.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64 and a quick ratio of 0.64. The stock's 50-day moving average is $35.87 and its two-hundred day moving average is $37.88.
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 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.22). The company had revenue of $361.90 million for the quarter, compared to analysts' expectations of $362.35 million. American Homes 4 Rent had a net margin of 15.67% and a return on equity of 3.48%. The business's revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.56 earnings per share for the current fiscal year.
American Homes 4 Rent Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.94%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 126.32%.
Insider Buying and Selling at American Homes 4 Rent
In other news, Director Tamara Hughes Gustavson purchased 200,000 shares of American Homes 4 Rent stock in a transaction dated Thursday, May 12th. The stock was acquired at an average cost 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 in the company, valued at $315,353,438.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 200,706 shares of company stock worth $7,161,700 over the last 90 days. 6.03% of the stock is currently owned by corporate insiders.