American Homes 4 Rent (NYSE:AMH) PT Set at $28.00 by B. Riley

B. Riley set a $28.00 price objective on American Homes 4 Rent (NYSE:AMH) in a report released on Friday morning, TipRanks reports. The firm currently has a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for American Homes 4 Rent’s Q4 2019 earnings at $0.29 EPS.

AMH has been the subject of several other reports. Zacks Investment Research upgraded shares of American Homes 4 Rent from a sell rating to a hold rating in a report on Wednesday, August 7th. ValuEngine cut shares of American Homes 4 Rent from a buy rating to a hold rating in a report on Thursday, August 1st. BTIG Research cut shares of American Homes 4 Rent from a buy rating to a neutral rating in a report on Thursday, August 1st. They noted that the move was a valuation call. Finally, Citigroup cut shares of American Homes 4 Rent from a buy rating to a neutral rating and set a $25.00 target price for the company. in a report on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $24.89.

Shares of American Homes 4 Rent stock traded up $0.32 on Friday, hitting $25.23. The company had a trading volume of 737,900 shares, compared to its average volume of 2,012,453. The business has a 50-day simple moving average of $24.88 and a 200-day simple moving average of $23.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $7.48 billion, a PE ratio of 23.80, a PEG ratio of 2.09 and a beta of 0.62. American Homes 4 Rent has a 52 week low of $18.91 and a 52 week high of $26.00.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.19). The company had revenue of $281.90 million during the quarter, compared to the consensus estimate of $279.04 million. American Homes 4 Rent had a net margin of 10.02% and a return on equity of 1.86%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. On average, equities research analysts predict that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, September 12th. American Homes 4 Rent’s payout ratio is 18.87%.

In related news, insider Bryan Smith sold 10,519 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $24.44, for a total transaction of $257,084.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 27.58% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of American Homes 4 Rent by 177.2% in the 2nd quarter. Invesco Ltd. now owns 6,983,625 shares of the real estate investment trust’s stock valued at $169,773,000 after acquiring an additional 4,464,448 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of American Homes 4 Rent by 273.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 5,976,811 shares of the real estate investment trust’s stock valued at $145,297,000 after acquiring an additional 4,374,907 shares in the last quarter. Cohen & Steers Inc. lifted its position in shares of American Homes 4 Rent by 34.0% in the 2nd quarter. Cohen & Steers Inc. now owns 16,332,187 shares of the real estate investment trust’s stock valued at $397,035,000 after acquiring an additional 4,145,419 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of American Homes 4 Rent by 35.4% in the 1st quarter. JPMorgan Chase & Co. now owns 14,029,048 shares of the real estate investment trust’s stock valued at $318,739,000 after acquiring an additional 3,671,347 shares in the last quarter. Finally, Barings LLC purchased a new stake in shares of American Homes 4 Rent in the 1st quarter valued at approximately $58,228,000. Hedge funds and other institutional investors own 84.64% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

Featured Article: Why is the price target of stocks important?

Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.