Brokerages Set American Homes 4 Rent (NYSE:AMH) Price Target at $40.67

Shares of American Homes 4 Rent (NYSE:AMH) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $40.67.

AMH has been the topic of a number of research analyst reports. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, JMP Securities restated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $35.21 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. American Homes 4 Rent has a 52 week low of $34.01 and a 52 week high of $41.41. The company’s 50 day moving average price is $35.91 and its two-hundred day moving average price is $37.43. The company has a market capitalization of $13.01 billion, a P/E ratio of 36.68, a price-to-earnings-growth ratio of 3.45 and a beta of 0.78.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.41%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 108.33%.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The stock was bought at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the purchase, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. The trade was a 8.50 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is owned by company insiders.

Institutional Trading of American Homes 4 Rent

Hedge funds have recently modified their holdings of the stock. UMB Bank n.a. lifted its position in American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 604 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in American Homes 4 Rent by 556.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 21,928 shares of the real estate investment trust’s stock worth $842,000 after purchasing an additional 18,586 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in American Homes 4 Rent in the 3rd quarter valued at $317,000. Creative Planning grew its holdings in American Homes 4 Rent by 2.4% in the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 330 shares in the last quarter. Finally, Swedbank AB increased its position in American Homes 4 Rent by 25.0% during the 3rd quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock worth $19,195,000 after buying an additional 100,000 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.