BTIG Research set a $26.00 price objective on American Homes 4 Rent (NYSE:AMH) in a research report report published on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.
A number of other equities research analysts have also recently commented on AMH. Zacks Investment Research cut American Homes 4 Rent from a hold rating to a sell rating in a research note on Wednesday, April 10th. ValuEngine raised American Homes 4 Rent from a hold rating to a buy rating in a report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. American Homes 4 Rent presently has a consensus rating of Buy and a consensus price target of $24.43.
Shares of NYSE AMH traded down $0.09 during midday trading on Tuesday, hitting $23.90. 24,699 shares of the company’s stock were exchanged, compared to its average volume of 2,256,029. American Homes 4 Rent has a 12-month low of $18.91 and a 12-month high of $24.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.08 and a beta of 0.74.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.05 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. American Homes 4 Rent’s payout ratio is 18.87%.
In other news, insider David Goldberg sold 74,586 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $22.06, for a total value of $1,645,367.16. Following the sale, the insider now directly owns 100 shares in the company, valued at $2,206. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David P. Singelyn sold 1,040,000 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $23.67, for a total value of $24,616,800.00. Following the completion of the sale, the chief executive officer now owns 100 shares in the company, valued at $2,367. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,978,182 shares of company stock valued at $93,613,952. 27.58% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc grew its holdings in shares of American Homes 4 Rent by 3.4% during the third quarter. Vanguard Group Inc now owns 37,392,589 shares of the real estate investment trust’s stock worth $818,524,000 after purchasing an additional 1,212,586 shares during the last quarter. BlackRock Inc. lifted its position in American Homes 4 Rent by 4.7% in the first quarter. BlackRock Inc. now owns 20,522,380 shares of the real estate investment trust’s stock valued at $466,268,000 after purchasing an additional 919,749 shares during the period. Security Capital Research & Management Inc. lifted its position in American Homes 4 Rent by 2.1% in the first quarter. Security Capital Research & Management Inc. now owns 15,788,425 shares of the real estate investment trust’s stock valued at $358,713,000 after purchasing an additional 323,790 shares during the period. JPMorgan Chase & Co. lifted its position in shares of American Homes 4 Rent by 35.4% during 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 during the period. Finally, Principal Financial Group Inc. lifted its position in shares of American Homes 4 Rent by 10.9% during the 1st quarter. Principal Financial Group Inc. now owns 9,784,600 shares of the real estate investment trust’s stock valued at $222,306,000 after acquiring an additional 961,803 shares during the period. 88.04% of the stock is currently owned by institutional investors.
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.
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