American Homes 4 Rent (AMH) PT Set at $23.00 by Mizuho

Mizuho set a $23.00 price target on American Homes 4 Rent (NYSE:AMH) in a report published on Monday, March 19th. The firm currently has a buy rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the company. B. Riley started coverage on American Homes 4 Rent in a research note on Monday, March 12th. They set a buy rating and a $26.00 price objective for the company. BTIG Research decreased their price target on American Homes 4 Rent from $26.00 to $23.00 and set a buy rating for the company in a research note on Monday, February 26th. TheStreet cut American Homes 4 Rent from a b- rating to a c+ rating in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods upgraded American Homes 4 Rent from a market perform rating to an outperform rating in a research note on Thursday, December 7th. Finally, Evercore ISI upgraded American Homes 4 Rent from an in-line rating to an outperform rating and set a $24.50 price objective for the company in a research report on Monday, December 4th. Two analysts have rated the stock with a sell rating and nine have given a buy rating to the company. American Homes 4 Rent currently has a consensus rating of Buy and a consensus price target of $24.50.

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NYSE AMH opened at $19.89 on Monday. The company has a market cap of $5,646.29, a P/E ratio of 19.50, a PEG ratio of 1.28 and a beta of 0.59. American Homes 4 Rent has a twelve month low of $18.39 and a twelve month high of $23.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.59 and a current ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.26. The business had revenue of $242.80 million during the quarter, compared to analysts’ expectations of $244.81 million. American Homes 4 Rent had a return on equity of 1.45% and a net margin of 8.43%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. research analysts predict that American Homes 4 Rent will post 1.13 EPS for the current fiscal year.

American Homes 4 Rent announced that its board has initiated a stock buyback plan on Thursday, February 22nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.01%. The ex-dividend date was Wednesday, March 14th. American Homes 4 Rent’s dividend payout ratio is presently 19.61%.

In related news, Director Douglas N. Benham purchased 2,005 shares of the business’s stock in a transaction on Friday, January 26th. The stock was acquired at an average price of $24.80 per share, with a total value of $49,724.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dann V. Angeloff sold 3,000 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $19.67, for a total value of $59,010.00. The disclosure for this sale can be found here. Insiders own 26.52% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of American Homes 4 Rent by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 515 shares during the period. Amalgamated Bank boosted its stake in American Homes 4 Rent by 6.4% during the fourth quarter. Amalgamated Bank now owns 46,033 shares of the real estate investment trust’s stock valued at $1,005,000 after buying an additional 2,754 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in American Homes 4 Rent by 8.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,479 shares of the real estate investment trust’s stock valued at $784,000 after buying an additional 2,800 shares during the last quarter. Rhumbline Advisers boosted its stake in American Homes 4 Rent by 1.2% during the fourth quarter. Rhumbline Advisers now owns 259,368 shares of the real estate investment trust’s stock valued at $5,665,000 after buying an additional 3,053 shares during the last quarter. Finally, Swiss National Bank boosted its stake in American Homes 4 Rent by 0.9% during the third quarter. Swiss National Bank now owns 388,717 shares of the real estate investment trust’s stock valued at $8,439,000 after buying an additional 3,400 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

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American Homes 4 Rent Company Profile

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

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

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