American Homes 4 Rent (NYSE:AMH) Price Target Raised to $41.00 at Royal Bank of Canada

American Homes 4 Rent (NYSE:AMH) had its price objective upped by Royal Bank of Canada from $39.00 to $41.00 in a research report released on Monday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on the stock. Mizuho dropped their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. JMP Securities restated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Barclays upped their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 12th. Evercore ISI lifted their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $37.00 in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.36.

American Homes 4 Rent Trading Up 0.1 %

Shares of American Homes 4 Rent stock opened at $38.78 on Monday. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $41.41. The company’s fifty day simple moving average is $36.48 and its 200-day simple moving average is $36.46. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. During the same period in the previous year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.09%. American Homes 4 Rent’s dividend payout ratio is 111.11%.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 4,000 shares of the stock in a transaction dated Monday, May 5th. The stock was purchased at an average cost of $23.42 per share, with a total value of $93,680.00. Following the completion of the purchase, the director now directly owns 12,000 shares in the company, valued at $281,040. This trade represents a 50.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the sale, the chief accounting officer now directly owns 99,214 shares of the company’s stock, valued at $3,870,338.14. The trade was a 29.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.01% of the company’s stock.

Institutional Trading of American Homes 4 Rent

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of American Homes 4 Rent by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock worth $1,681,984,000 after purchasing an additional 240,583 shares in the last quarter. Norges Bank purchased a new position in American Homes 4 Rent in the 4th quarter valued at approximately $822,019,000. Principal Financial Group Inc. raised its holdings in American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after acquiring an additional 1,015,351 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of American Homes 4 Rent by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock worth $516,591,000 after acquiring an additional 689,741 shares during the period. Finally, FMR LLC grew its position in shares of American Homes 4 Rent by 9.2% in the fourth quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust’s stock valued at $336,157,000 after purchasing an additional 757,772 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

About American Homes 4 Rent

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.