American Homes 4 Rent (NYSE:AMH) Given Average Rating of “Moderate Buy” by Brokerages

American Homes 4 Rent (NYSE:AMH) has been given an average recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $38.1429.

Several analysts have recently commented on the stock. Morgan Stanley lowered their target price on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Barclays dropped their price objective on American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 25th. Wolfe Research raised American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Thursday, October 2nd. Wall Street Zen lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Keefe, Bruyette & Woods decreased their target price on American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were acquired at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the transaction, the director owned 7,991 shares of the company’s stock, valued at approximately $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.01% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently made changes to their positions in the business. Tudor Investment Corp ET AL grew its position in American Homes 4 Rent by 1,653.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 631,484 shares of the real estate investment trust’s stock valued at $20,997,000 after acquiring an additional 595,465 shares during the last quarter. Cambria Investment Management L.P. boosted its stake in American Homes 4 Rent by 15.6% in the third quarter. Cambria Investment Management L.P. now owns 16,382 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 2,210 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in American Homes 4 Rent by 4,356.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,337 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,307 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of American Homes 4 Rent during the third quarter valued at about $3,244,000. Finally, Wilmington Savings Fund Society FSB increased its stake in American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 751 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Price Performance

AMH stock opened at $30.15 on Wednesday. American Homes 4 Rent has a 1 year low of $30.11 and a 1 year high of $39.49. The company has a 50 day simple moving average of $32.18 and a 200 day simple moving average of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 2.86 and a beta of 0.80.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The company had revenue of $478.46 million for the quarter, compared to analyst estimates of $475.75 million. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, December 15th. This represents a $1.20 annualized dividend and a yield of 4.0%. American Homes 4 Rent’s dividend payout ratio is currently 101.69%.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.