American Homes 4 Rent Given Consensus Recommendation of “Buy” by Brokerages (NYSE:AMH)
Shares of American Homes 4 Rent (NYSE:AMH) have received a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the stock, AnalystRatingsNetwork reports. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $18.88.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of American Homes 4 Rent from $20.00 to $21.00 in a research note on Wednesday, August 6th. Separately, analysts at Raymond James upgraded shares of American Homes 4 Rent from an “outperform” rating to a “strong-buy” rating in a research note on Friday, July 18th. They now have a $19.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of American Homes 4 Rent in a research note on Wednesday, July 2nd. They now have a $18.00 price target on the stock.
In other American Homes 4 Rent news, CEO David P. Singelyn purchased 2,958 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $24.25 per share, for a total transaction of $71,731.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
American Homes 4 Rent (NYSE:AMH) opened at 17.63 on Tuesday. American Homes 4 Rent has a 52-week low of $15.10 and a 52-week high of $18.85. The stock’s 50-day moving average is $18.06 and its 200-day moving average is $17.1. The company’s market cap is $3.271 billion.
American Homes 4 Rent (NYSE:AMH) last released its earnings data on Monday, August 4th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $94.30 million for the quarter, compared to the consensus estimate of $93.20 million. The company’s revenue for the quarter was up 420.4% on a year-over-year basis. Analysts expect that American Homes 4 Rent will post $0.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 11th.
American Homes 4 Rent operates in the single-family home rental industry. The Company is an internally managed Maryland real estate investment trust (NYSE:AMH).
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