B. Riley set a $28.00 price objective on American Homes 4 Rent (NYSE:AMH) in a research note issued to investors on Friday morning, TipRanks reports. The brokerage 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.
Several other research firms have also recently commented on AMH. ValuEngine cut American Homes 4 Rent from a buy rating to a hold rating in a research report on Thursday, August 1st. Citigroup cut American Homes 4 Rent from a buy rating to a neutral rating and set a $25.00 target price for the company. in a research report on Tuesday, June 11th. BTIG Research cut American Homes 4 Rent from a buy rating to a neutral rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded American Homes 4 Rent from a sell rating to a hold rating in a research report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. American Homes 4 Rent currently has a consensus rating of Hold and an average target price of $24.89.
NYSE:AMH traded up $0.32 during trading hours on Friday, reaching $25.23. The stock had a trading volume of 724,584 shares, compared to its average volume of 2,012,453. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50 day simple moving average of $24.88 and a 200 day simple moving average of $23.75. American Homes 4 Rent has a 12-month low of $18.91 and a 12-month high of $26.00. The stock has a market cap of $7.48 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 2.09 and a beta of 0.62.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Thursday, September 12th. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 18.87%.
In other news, insider Bryan Smith sold 50,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $24.81, for a total value of $1,240,500.00. Following the completion of the sale, the insider now owns 75,054 shares of the company’s stock, valued at approximately $1,862,089.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 27.58% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in American Homes 4 Rent in the second quarter worth about $78,000. Quadrant Capital Group LLC lifted its stake in American Homes 4 Rent by 130.3% in the first quarter. Quadrant Capital Group LLC now owns 3,986 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 2,255 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in American Homes 4 Rent by 87.7% in the second quarter. Altshuler Shaham Ltd now owns 3,662 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 1,711 shares during the last quarter. Penserra Capital Management LLC bought a new stake in American Homes 4 Rent in the first quarter worth about $102,000. Finally, Schroder Investment Management Group bought a new stake in American Homes 4 Rent in the second quarter worth about $123,000. 84.64% of the stock is owned by institutional investors.
About American Homes 4 Rent
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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