American Homes 4 Rent (NYSE:AMH) Stock Rated “Moderate Buy” by Wall Street Analysts

American Homes 4 Rent (NYSE:AMH) has earned a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $35.94.

AMH has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of American Homes 4 Rent from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Barclays lowered their price target on shares of American Homes 4 Rent from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. Royal Bank Of Canada dropped their price target on shares of American Homes 4 Rent from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. Citigroup reaffirmed a “market outperform” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack Corrigan acquired 8,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of $21.49 per share, with a total value of $171,920.00. Following the purchase, the director directly owned 25,000 shares of the company’s stock, valued at $537,250. This trade represents a 47.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders bought 15,000 shares of company stock worth $328,040. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds have recently added to or reduced their stakes in AMH. Bessemer Group Inc. boosted its holdings in shares of American Homes 4 Rent by 70.3% during the 1st quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 483 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth approximately $34,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at $38,000. Root Financial Partners LLC increased its stake in shares of American Homes 4 Rent by 7,231.6% in the 1st quarter. Root Financial Partners LLC now owns 1,393 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its stake in shares of American Homes 4 Rent by 199.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,441 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 959 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $31.65 on Friday. The stock’s 50-day moving average is $31.66 and its 200-day moving average is $31.61. American Homes 4 Rent has a 1-year low of $27.22 and a 1-year high of $35.07. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The stock has a market cap of $11.41 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 4.81 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business had revenue of $470.10 million for the quarter, compared to the consensus estimate of $466.51 million. During the same period last year, the company earned $0.47 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts anticipate that American Homes 4 Rent will post 1.91 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. American Homes 4 Rent’s dividend payout ratio is 104.76%.

About American Homes 4 Rent

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.