Other equities research analysts have also recently issued research reports about the company. B. Riley set a $26.00 target price on American Homes 4 Rent and gave the company a buy rating in a report on Tuesday, November 14th. Citigroup started coverage on American Homes 4 Rent in a report on Friday, October 20th. They set a buy rating and a $25.00 target price on the stock. BTIG Research started coverage on American Homes 4 Rent in a report on Monday, October 9th. They set a buy rating and a $26.00 target price on the stock. FBR & Co reiterated a buy rating and set a $26.00 target price on shares of American Homes 4 Rent in a report on Friday, September 29th. Finally, Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a market perform rating to an outperform rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. American Homes 4 Rent has a consensus rating of Buy and an average price target of $25.22.
Shares of American Homes 4 Rent (NYSE AMH) opened at $20.46 on Wednesday. The firm has a market capitalization of $5,866.66, a P/E ratio of 19.86, a P/E/G ratio of 1.51 and a beta of 0.68. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. American Homes 4 Rent has a fifty-two week low of $20.29 and a fifty-two week high of $23.98.
American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $247.96 million. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. analysts expect that American Homes 4 Rent will post 1.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, December 29th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -2,000.00%.
In other American Homes 4 Rent news, Director B Wayne Et Al Hughes acquired 802,745 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were acquired at an average price of $21.30 per share, for a total transaction of $17,098,468.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 1,670,950 shares of company stock worth $35,816,444 in the last 90 days. Insiders own 27.82% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Voya Investment Management LLC boosted its holdings in shares of American Homes 4 Rent by 26.5% during the second quarter. Voya Investment Management LLC now owns 63,431 shares of the real estate investment trust’s stock worth $1,432,000 after purchasing an additional 13,297 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of American Homes 4 Rent during the second quarter worth $6,997,000. Prudential Financial Inc. boosted its holdings in shares of American Homes 4 Rent by 7,735.8% during the third quarter. Prudential Financial Inc. now owns 1,659,629 shares of the real estate investment trust’s stock worth $36,031,000 after purchasing an additional 1,638,449 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of American Homes 4 Rent by 22.4% during the second quarter. California State Teachers Retirement System now owns 417,538 shares of the real estate investment trust’s stock worth $9,424,000 after purchasing an additional 76,450 shares during the last quarter. Finally, Sterling Capital Management LLC acquired a new stake in shares of American Homes 4 Rent during the second quarter worth $1,693,000. Institutional investors and hedge funds own 88.21% of the company’s stock.
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About American Homes 4 Rent
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.
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