American Homes 4 Rent (NYSE:AMH) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.64.

Several equities research analysts have commented on the stock. B. Riley set a $26.00 target price on shares of American Homes 4 Rent and gave the company a “buy” rating in a research note on Friday, February 23rd. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price for the company in a research note on Monday, December 4th. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. raised shares of American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Friday, December 15th. Finally, BTIG Research reduced their price target on shares of American Homes 4 Rent from $26.00 to $23.00 and set a “buy” rating for the company in a report on Monday, February 26th.

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In related news, Director Douglas N. Benham purchased 2,005 shares of American Homes 4 Rent stock in a transaction dated Friday, January 26th. The stock was bought at an average price of $24.80 per share, for a total transaction of $49,724.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dann V. Angeloff sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $19.67, for a total transaction of $59,010.00. The disclosure for this sale can be found here. 27.82% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in American Homes 4 Rent by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 515 shares during the last quarter. State of Wisconsin Investment Board boosted its holdings in American Homes 4 Rent by 8.4% during the third quarter. State of Wisconsin Investment Board now owns 48,930 shares of the real estate investment trust’s stock worth $1,062,000 after purchasing an additional 3,773 shares during the last quarter. Swiss National Bank boosted its holdings in American Homes 4 Rent by 0.9% during the third quarter. Swiss National Bank now owns 388,717 shares of the real estate investment trust’s stock worth $8,439,000 after purchasing an additional 3,400 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in American Homes 4 Rent by 8.8% during the third quarter. BNP Paribas Arbitrage SA now owns 82,965 shares of the real estate investment trust’s stock worth $1,801,000 after purchasing an additional 6,733 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in American Homes 4 Rent during the third quarter worth $202,000. Institutional investors own 90.76% of the company’s stock.

Shares of American Homes 4 Rent (NYSE AMH) traded up $0.24 during trading hours on Friday, reaching $19.86. 2,830,130 shares of the company’s stock traded hands, compared to its average volume of 2,189,212. American Homes 4 Rent has a 1 year low of $18.39 and a 1 year high of $23.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $5,626.21, a P/E ratio of -248.25, a PEG ratio of 1.49 and a beta of 0.65.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. American Homes 4 Rent had a net margin of 8.43% and a return on equity of 1.45%. The firm had revenue of $242.80 million during the quarter, compared to the consensus estimate of $244.81 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 6.7% on a year-over-year basis. equities analysts forecast that American Homes 4 Rent will post 1.16 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, March 14th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -250.00%.

American Homes 4 Rent declared that its board has authorized a stock buyback plan on Thursday, February 22nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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American Homes 4 Rent Company Profile

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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