American Homes 4 Rent (NYSE:AMH) PT Raised to $41.00 at Scotiabank

American Homes 4 Rent (NYSE:AMHFree Report) had its price target hoisted by Scotiabank from $39.00 to $41.00 in a research report released on Thursday, MarketBeat Ratings reports. Scotiabank currently has a sector outperform rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada reissued an outperform rating and issued a $39.00 price objective on shares of American Homes 4 Rent in a report on Monday, February 26th. Raymond James boosted their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an outperform rating in a research note on Thursday, March 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of American Homes 4 Rent in a research note on Tuesday, January 30th. They issued a buy rating and a $40.00 target price for the company. Mizuho boosted their price target on American Homes 4 Rent from $37.00 to $39.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Finally, Keefe, Bruyette & Woods upped their price objective on American Homes 4 Rent from $38.00 to $39.00 and gave the company a market perform rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $39.71.

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American Homes 4 Rent Stock Up 0.9 %

American Homes 4 Rent stock opened at $36.77 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $37.97. The company has a fifty day simple moving average of $36.05 and a 200 day simple moving average of $35.75. The company has a market cap of $13.47 billion, a P/E ratio of 37.52, a price-to-earnings-growth ratio of 2.82 and a beta of 0.70.

American Homes 4 Rent (NYSE:AMHGet Free Report) last announced its quarterly earnings data on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The company had revenue of $423.56 million during the quarter, compared to the consensus estimate of $421.28 million. During the same quarter in the previous year, the business earned $0.41 EPS. American Homes 4 Rent’s revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.83%. American Homes 4 Rent’s payout ratio is 106.12%.

Insider Buying and Selling

In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of American Homes 4 Rent stock in a transaction 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 transaction, the chief accounting officer now directly owns 35,343 shares of the company’s stock, valued at approximately $1,255,736.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Douglas N. Benham acquired 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $23.00 per share, with a total value of $80,500.00. Following the completion of the purchase, the director now directly owns 37,997 shares of the company’s stock, valued at approximately $873,931. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian Reitz sold 3,000 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 35,343 shares of the company’s stock, valued at $1,255,736.79. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 14,476 shares of company stock valued at $331,919 and have sold 60,263 shares valued at $2,212,078. 6.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Homes 4 Rent

A number of institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at $789,947,000. Cohen & Steers Inc. boosted its stake in shares of American Homes 4 Rent by 41.0% during the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock valued at $318,755,000 after purchasing an additional 2,575,854 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of American Homes 4 Rent by 180.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock worth $93,848,000 after purchasing an additional 1,679,846 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of American Homes 4 Rent by 80.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock valued at $127,263,000 after buying an additional 1,574,295 shares during the period. Finally, Vanguard Group Inc. raised its holdings in American Homes 4 Rent by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock valued at $1,679,868,000 after buying an additional 1,094,714 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

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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.

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

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