American Homes 4 Rent (NYSE:AMH) Price Target Raised to $34.00

American Homes 4 Rent (NYSE:AMH – Free Report) had its target price upped by UBS Group from $32.00 to $34.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently weighed in on AMH. Keefe, Bruyette & Woods boosted their price target on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Jefferies Financial Group upgraded shares of American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. Citigroup reissued a “market outperform” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Finally, Morgan Stanley reduced their target price on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.65.

Get Our Latest Stock Analysis on American Homes 4 Rent

American Homes 4 Rent Stock Down 0.8%

Shares of AMH stock opened at $32.51 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.70. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $35.07. The stock has a market cap of $11.72 billion, a P/E ratio of 26.65, a P/E/G ratio of 3.00 and a beta of 0.76. The company has a 50 day simple moving average of $31.43 and a two-hundred day simple moving average of $31.64.

American Homes 4 Rent (NYSE:AMH – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.32. American Homes 4 Rent had a return on equity of 6.07% and a net margin of 24.17%. The firm had revenue of $498.07 million for the quarter, compared to analysts’ expectations of $488.73 million. During the same period in the previous year, the firm earned $0.47 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, research analysts expect that American Homes 4 Rent will post 1.91 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, December 15th. American Homes 4 Rent’s dividend payout ratio is 108.20%.

Insiders Place Their Bets

In related news, Director Jack Corrigan purchased 8,000 shares of American Homes 4 Rent stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average cost of $21.49 per share, for a total transaction of $171,920.00. Following the completion of the transaction, the director owned 25,000 shares in the company, valued at $537,250. The trade was a 47.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders bought 15,000 shares of company stock worth $328,040. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American Homes 4 Rent

A number of institutional investors have recently modified their holdings of AMH. Bessemer Group Inc. grew its position in shares of American Homes 4 Rent by 70.3% in the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 483 shares during the period. Provenance Wealth Advisors LLC purchased a new position in American Homes 4 Rent in the 3rd quarter valued at $34,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in American Homes 4 Rent in the 3rd quarter valued at $38,000. Elevation Wealth Partners LLC lifted its holdings in 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 purchasing an additional 959 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in American Homes 4 Rent during the 3rd quarter worth $70,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Company Profile

(Get Free Report)

American Homes 4 Rent is a real estate investment trust that owns, operates and leases single-family homes in the United States. The company rents homes to individuals and families, offering an alternative to homeownership in its markets. In addition to acquiring existing homes, American Homes 4 Rent develops single-family properties for rental through its build-to-rent program. Its portfolio and operations span multiple regions of the country, including the Southeast, Midwest, Southwest and West.

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