American Homes 4 Rent (NYSE:AMH) Upgraded at StockNews.com

StockNews.com upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Several other research firms have also issued reports on AMH. Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. JPMorgan Chase & Co. boosted their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. The Goldman Sachs Group started coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, Mizuho upped their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Up 0.8 %

AMH opened at $38.61 on Monday. The company has a market capitalization of $14.27 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77. The business has a 50-day moving average of $37.81 and a 200-day moving average of $37.46. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. Equities research analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.69%. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

Institutional Investors Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Maryland Capital Advisors Inc. bought a new position in American Homes 4 Rent in the third quarter valued at about $25,000. UMB Bank n.a. boosted its position in American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 604 shares during the period. V Square Quantitative Management LLC acquired a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Assetmark Inc. grew its holdings in American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in American Homes 4 Rent in the 2nd quarter valued at approximately $44,000. 91.87% of the stock is owned by institutional investors.

About American Homes 4 Rent

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.