American Homes 4 Rent (NYSE:AMH – Get Rating)'s stock price was up 1.4% during trading on Friday . The stock traded as high as $34.58 and last traded at $34.51. Approximately 24,479 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 2,114,804 shares. The stock had previously closed at $34.02.
Analysts Set New Price Targets
Several brokerages have recently weighed in on AMH. Capital One Financial initiated coverage on shares of American Homes 4 Rent in a research report on Friday, July 8th. They issued an "overweight" rating and a $43.00 price objective on the stock. Raymond James restated 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 report on Thursday, June 23rd. Jefferies Financial Group lowered their target price on 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. Mizuho reduced their price target on American Homes 4 Rent from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, July 6th. Finally, Morgan Stanley increased their price objective on American Homes 4 Rent from $37.50 to $39.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 25th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.92.
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American Homes 4 Rent Price Performance
The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 59.81, a PEG ratio of 3.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.52 and a current ratio of 0.52. The company has a fifty day simple moving average of $36.50 and a two-hundred day simple moving average of $37.36.
American Homes 4 Rent (NYSE:AMH – Get Rating) last posted its quarterly earnings results 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). American Homes 4 Rent had a return on equity of 3.46% and a net
margin of 15.67%. The business had revenue of $361.90 million for the quarter, compared to analyst estimates of $362.35 million. During the same period last year, the firm posted $0.33 EPS. American Homes 4 Rent's quarterly revenue was up 15.4% on a year-over-year basis. As a group, equities research analysts expect that American Homes 4 Rent will post 1.56 earnings per share for the current fiscal year.
American Homes 4 Rent Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.11%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 126.32%.
Insider Transactions at American Homes 4 Rent
In other news, COO Bryan Smith sold 5,519 shares of the business's stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $35.67, for a total transaction of $196,862.73. Following the completion of the transaction, the chief operating officer now owns 81,287 shares of the company's stock, valued at approximately $2,899,507.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other American Homes 4 Rent news, COO Bryan Smith sold 5,519 shares of the company's stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $35.67, for a total value of $196,862.73. Following the completion of the transaction, the chief operating officer now owns 81,287 shares of the company's stock, valued at approximately $2,899,507.29. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Tamara Hughes Gustavson bought 281,695 shares of the stock in a transaction on Wednesday, September 7th. The stock was purchased at an average cost of $36.40 per share, with a total value of $10,253,698.00. Following the acquisition, the director now owns 269,470 shares in the company, valued at $9,808,708. The disclosure for this purchase can be found here. 6.03% of the stock is owned by insiders.
Hedge Funds Weigh In On American Homes 4 Rent
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in American Homes 4 Rent by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust's stock worth $1,737,505,000 after purchasing an additional 3,533,157 shares in the last quarter. BlackRock Inc. grew its position in shares of American Homes 4 Rent by 11.3% in the 4th quarter. BlackRock Inc. now owns 23,487,597 shares of the real estate investment trust's stock valued at $1,024,294,000 after buying an additional 2,384,487 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of American Homes 4 Rent by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 18,077,256 shares of the real estate investment trust's stock valued at $723,633,000 after buying an additional 244,790 shares during the last quarter. Norges Bank bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at about $701,205,000. Finally, JPMorgan Chase & Co. grew its position in shares of American Homes 4 Rent by 2.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 15,801,702 shares of the real estate investment trust's stock valued at $560,012,000 after buying an additional 374,079 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.
American Homes 4 Rent Company Profile
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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.
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