American Homes 4 Rent (NYSE:AMH) Receives $39.67 Consensus Price Target from Analysts

American Homes 4 Rent (NYSE:AMH) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $39.67.

Several research firms recently weighed in on AMH. Citigroup raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their price objective for the company from $37.00 to $41.00 in a report on Friday, March 22nd. Royal Bank of Canada restated an “outperform” rating and set a $39.00 price target on shares of American Homes 4 Rent in a report on Monday, February 26th. Mizuho raised their price objective on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. BNP Paribas initiated coverage on shares of American Homes 4 Rent in a report on Monday, January 22nd. They set an “outperform” rating and a $42.00 target price on the stock. Finally, Jefferies Financial Group upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and upped their price target for the company from $34.00 to $41.00 in a research report on Tuesday, January 2nd.

Insider Activity

In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the sale, the chief accounting officer now directly owns 35,343 shares in the company, valued at $1,255,736.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew J. Hart sold 7,263 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $36.76, for a total transaction of $266,987.88. Following the transaction, the director now owns 41,336 shares in the company, valued at approximately $1,519,511.36. The disclosure for this sale can be found here. Insiders have sold 60,263 shares of company stock valued at $2,212,078 in the last ninety days. 6.05% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds have recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new position in shares of American Homes 4 Rent in the 3rd quarter worth $26,000. Blue Trust Inc. raised its holdings in American Homes 4 Rent by 1,091.3% during the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 873 shares during the last quarter. Tobam lifted its stake in shares of American Homes 4 Rent by 2,192.9% in the fourth quarter. Tobam now owns 963 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 921 shares in the last quarter. Castleview Partners LLC grew its holdings in shares of American Homes 4 Rent by 2,540.0% during the third quarter. Castleview Partners LLC now owns 1,188 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,143 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of American Homes 4 Rent during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $35.61 on Friday. American Homes 4 Rent has a one year low of $31.36 and a one year high of $37.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 2.71 and a beta of 0.70. The firm has a 50 day simple moving average of $35.85 and a 200 day simple moving average of $35.42.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.26 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.22. This represents a $1.04 annualized dividend and a dividend yield of 2.92%. American Homes 4 Rent’s dividend payout ratio (DPR) is 104.00%.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.