Evercore ISI Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $41.00

American Homes 4 Rent (NYSE:AMH) had its price objective reduced by Evercore ISI from $42.00 to $41.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on the company. Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Mizuho boosted their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Down 2.9 %

AMH opened at $36.72 on Wednesday. American Homes 4 Rent has a 1 year low of $32.08 and a 1 year high of $41.41. The firm has a 50 day moving average price of $38.84 and a 200 day moving average price of $37.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap of $13.45 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The business had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same period in the previous year, the company earned $0.41 EPS. American Homes 4 Rent’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that American Homes 4 Rent will post 1.76 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 Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at approximately $53,000. Van ECK Associates Corp boosted its holdings in American Homes 4 Rent by 12.2% in the third quarter. Van ECK Associates Corp now owns 143,072 shares of the real estate investment trust’s stock worth $5,587,000 after purchasing an additional 15,609 shares during the period. Farther Finance Advisors LLC increased its stake in American Homes 4 Rent by 93.1% during the third quarter. Farther Finance Advisors LLC now owns 2,335 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 1,126 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of American Homes 4 Rent by 9.1% during the third quarter. Stephens Inc. AR now owns 14,901 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 1,245 shares during the period. Finally, US Bancorp DE lifted its position in shares of American Homes 4 Rent by 3.3% in the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 478 shares during the last quarter. Institutional investors 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.