American Homes 4 Rent (NYSE:AMH) Now Covered by Barclays

Barclays initiated coverage on shares of American Homes 4 Rent (NYSE:AMH) in a report issued on Tuesday morning, Marketbeat.com reports. The brokerage issued an equal weight rating and a $39.00 target price on the real estate investment trust’s stock.

AMH has been the subject of a number of other reports. Keefe, Bruyette & Woods cut their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Scotiabank reaffirmed an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Mizuho upped their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average target price of $41.38.

American Homes 4 Rent Stock Down 1.4 %

Shares of American Homes 4 Rent stock opened at $36.90 on Tuesday. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $37.51 and its 200 day moving average is $37.61. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same period in the previous year, the company earned $0.41 earnings per share. American Homes 4 Rent’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.82%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Insiders Place Their Bets

In other news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. This represents a 24.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the transaction, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

Institutional Trading of American Homes 4 Rent

Several hedge funds have recently made changes to their positions in AMH. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent in the third quarter worth about $25,000. UMB Bank n.a. boosted its holdings in shares of American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares during the period. Assetmark Inc. increased its position in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at $44,000. Finally, V Square Quantitative Management LLC lifted its position in American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 275 shares during the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

About American Homes 4 Rent

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.