American Homes 4 Rent (NYSE:AMH) Plans Quarterly Dividend of $0.33

American Homes 4 Rent (NYSE:AMH) announced a quarterly dividend on Thursday, February 12th. Investors of record on Friday, March 13th will be given a dividend of 0.33 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, March 13th. This is a 10.0% increase from American Homes 4 Rent’s previous quarterly dividend of $0.30.

American Homes 4 Rent has raised its dividend payment by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. American Homes 4 Rent has a payout ratio of 153.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect American Homes 4 Rent to earn $1.98 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 60.6%.

American Homes 4 Rent Trading Up 0.4%

American Homes 4 Rent stock traded up $0.13 during mid-day trading on Friday, hitting $31.60. 4,466,874 shares of the company’s stock were exchanged, compared to its average volume of 4,486,375. The company’s 50 day simple moving average is $31.45 and its 200-day simple moving average is $32.72. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $11.73 billion, a P/E ratio of 26.78, a PEG ratio of 3.02 and a beta of 0.80. American Homes 4 Rent has a fifty-two week low of $28.84 and a fifty-two week high of $39.49.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMH. Mizuho reiterated a “neutral” rating and set a $32.00 price objective (down previously from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th. JPMorgan Chase & Co. cut their price target on shares of American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. Citizens Jmp reiterated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Wednesday, January 21st. Barclays dropped their price objective on shares of American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 price objective on the stock in a research report on Monday, December 15th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.44.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.