American Homes 4 Rent (NYSE:AMH) Receives $24.17 Consensus Target Price from Brokerages

Shares of American Homes 4 Rent (NYSE:AMH) have been assigned an average rating of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $24.17.

A number of equities research analysts recently commented on the company. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BTIG Research set a $27.00 target price on Invitation Homes and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Wells Fargo & Co reiterated a “buy” rating on shares of Signature Bank in a research report on Thursday, March 14th. Finally, Citigroup set a $74.00 target price on Realty Income and gave the stock a “hold” rating in a research report on Tuesday, June 11th.

In other news, insider Bryan Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $24.81, for a total transaction of $1,240,500.00. Following the transaction, the insider now owns 75,054 shares of the company’s stock, valued at $1,862,089.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David P. Singelyn sold 35,535 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $24.00, for a total value of $852,840.00. Following the transaction, the chief executive officer now directly owns 100 shares in the company, valued at approximately $2,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,334,878 shares of company stock worth $79,376,533. Insiders own 27.58% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMH. Cohen & Steers Inc. grew its stake in American Homes 4 Rent by 1,096.2% in the fourth quarter. Cohen & Steers Inc. now owns 4,784,750 shares of the real estate investment trust’s stock worth $94,977,000 after purchasing an additional 4,384,750 shares in the last quarter. JPMorgan Chase & Co. grew its stake in American Homes 4 Rent by 35.4% in the first quarter. JPMorgan Chase & Co. now owns 14,029,048 shares of the real estate investment trust’s stock worth $318,739,000 after purchasing an additional 3,671,347 shares in the last quarter. Principal Financial Group Inc. grew its stake in American Homes 4 Rent by 66.7% in the fourth quarter. Principal Financial Group Inc. now owns 8,822,797 shares of the real estate investment trust’s stock worth $175,132,000 after purchasing an additional 3,528,968 shares in the last quarter. Barings LLC bought a new position in American Homes 4 Rent in the first quarter worth approximately $58,228,000. Finally, Norges Bank bought a new position in American Homes 4 Rent in the fourth quarter worth approximately $48,993,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Homes 4 Rent stock traded up $0.23 during trading hours on Friday, hitting $25.54. The company’s stock had a trading volume of 43,998 shares, compared to its average volume of 1,675,437. The stock has a 50 day moving average price of $24.71. American Homes 4 Rent has a 12-month low of $18.91 and a 12-month high of $26.00. The firm has a market cap of $7.76 billion, a P/E ratio of 24.08, a PEG ratio of 2.25 and a beta of 0.61. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.49.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.21). The business had revenue of $279.20 million during the quarter, compared to analysts’ expectations of $275.90 million. American Homes 4 Rent had a net margin of 10.78% and a return on equity of 1.98%. American Homes 4 Rent’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 earnings per share. As a group, analysts predict that American Homes 4 Rent will post 1.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.78%. American Homes 4 Rent’s dividend payout ratio is 18.87%.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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

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