Evercore ISI Boosts American Homes 4 Rent (NYSE:AMH) Price Target to $39.00

American Homes 4 Rent (NYSE:AMH) had its price target upped by Evercore ISI from $38.00 to $39.00 in a research note published on Tuesday, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

AMH has been the topic of a number of other research reports. Citigroup upgraded American Homes 4 Rent from a neutral rating to a buy rating and lifted their target price for the company from $37.00 to $41.00 in a research report on Friday, March 22nd. Raymond James increased their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an outperform rating in a research note on Thursday, March 28th. StockNews.com downgraded shares of American Homes 4 Rent from a hold rating to a sell rating in a research note on Wednesday, March 20th. Barclays dropped their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an overweight rating for the company in a report on Wednesday, May 29th. Finally, Keefe, Bruyette & Woods upped their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the stock a market perform rating in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of Moderate Buy and an average target price of $39.73.

American Homes 4 Rent Stock Down 2.0 %

NYSE AMH opened at $36.56 on Tuesday. The business’s fifty day simple moving average is $36.31 and its 200-day simple moving average is $35.93. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. The firm has a market cap of $13.39 billion, a PE ratio of 37.31, a P/E/G ratio of 3.15 and a beta of 0.74. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $37.97.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The firm had revenue of $423.56 million for the quarter, compared to analysts’ expectations of $421.28 million. During the same period last year, the firm earned $0.41 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.74 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.84%. American Homes 4 Rent’s payout ratio is 106.12%.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $22.78 per share, with a total value of $227,800.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $227,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Jack E. Corrigan purchased 10,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $22.78 per share, for a total transaction of $227,800.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $227,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas N. Benham acquired 3,500 shares of American Homes 4 Rent stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $23.00 per share, with a total value of $80,500.00. Following the transaction, the director now directly owns 37,997 shares in the company, valued at approximately $873,931. The disclosure for this purchase can be found here. Corporate insiders own 6.05% of the company’s stock.

Institutional Trading of American Homes 4 Rent

Hedge funds and other institutional investors have recently made changes to their positions in the company. VisionPoint Advisory Group LLC purchased a new position in American Homes 4 Rent during the 3rd quarter worth approximately $26,000. Blue Trust Inc. raised its position in American Homes 4 Rent by 1,091.3% in the 4th quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 873 shares during the last quarter. Tobam boosted its stake in American Homes 4 Rent by 2,192.9% during the 4th quarter. Tobam now owns 963 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 921 shares during the period. GAMMA Investing LLC purchased a new position in American Homes 4 Rent during the 4th quarter worth $44,000. Finally, Capital Analysts LLC increased its stake in American Homes 4 Rent by 58.1% in the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 528 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.