American Homes 4 Rent (NYSE:AMH) Given Consensus Recommendation of “Hold” by Brokerages

American Homes 4 Rent (NYSE:AMH – Get Rating) has been given a consensus recommendation of “Hold” by the nineteen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $36.59.

Several brokerages have recently weighed in on AMH. Wolfe Research cut American Homes 4 Rent from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 29th. JPMorgan Chase & Co. cut American Homes 4 Rent from an “overweight” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Friday, December 16th. StockNews.com initiated coverage on American Homes 4 Rent in a report on Thursday. They set a “sell” rating on the stock. BTIG Research restated a “buy” rating and set a $38.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, November 22nd. Finally, JMP Securities decreased their target price on shares of American Homes 4 Rent from $42.00 to $38.00 and set a “market perform” rating on the stock in a report on Tuesday, February 28th.

Insider Buying and Selling

In other news, Director Douglas N. Benham bought 1,156 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were purchased at an average price of $24.60 per share, with a total value of $28,437.60. Following the purchase, the director now owns 24,951 shares in the company, valued at $613,794.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Douglas N. Benham purchased 2,000 shares of American Homes 4 Rent stock in a transaction on Thursday, March 2nd. The shares were bought at an average price of $23.35 per share, with a total value of $46,700.00. Following the transaction, the director now directly owns 8,440 shares of the company’s stock, valued at $197,074. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas N. Benham purchased 1,156 shares of American Homes 4 Rent stock in a transaction on Monday, March 6th. The stock was bought at an average cost of $24.60 per share, for a total transaction of $28,437.60. Following the transaction, the director now directly owns 24,951 shares in the company, valued at $613,794.60. The disclosure for this purchase can be found here. 6.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of American Homes 4 Rent by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock worth $1,737,505,000 after acquiring an additional 3,533,157 shares in the last quarter. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth about $619,235,000. JPMorgan Chase & Co. raised its position in shares of American Homes 4 Rent by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 16,041,788 shares of the real estate investment trust’s stock worth $483,498,000 after acquiring an additional 66,245 shares in the last quarter. State Street Corp raised its position in shares of American Homes 4 Rent by 9.6% during the 2nd quarter. State Street Corp now owns 14,094,837 shares of the real estate investment trust’s stock worth $499,521,000 after acquiring an additional 1,233,734 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth about $327,157,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $30.52 on Thursday. The company has a market cap of $11.04 billion, a P/E ratio of 42.99, a P/E/G ratio of 2.86 and a beta of 0.66. American Homes 4 Rent has a twelve month low of $29.10 and a twelve month high of $43.89. The company’s 50-day moving average price is $32.45 and its 200-day moving average price is $32.51. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.63.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be paid a dividend of $0.22 per share. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.88 annualized dividend and a yield of 2.88%. American Homes 4 Rent’s dividend payout ratio is presently 101.41%.

American Homes 4 Rent Company Profile

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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.