Royal Bank of Canada Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $39.00

American Homes 4 Rent (NYSE:AMH) had its target price lowered by Royal Bank of Canada from $40.00 to $39.00 in a research report released on Monday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

A number of other brokerages have also recently weighed in on AMH. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Barclays dropped their target price on shares of American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Scotiabank cut shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a report on Thursday, January 23rd. Finally, Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.47.

American Homes 4 Rent Trading Down 1.4 %

NYSE AMH opened at $34.83 on Monday. American Homes 4 Rent has a 12 month low of $34.01 and a 12 month high of $41.41. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The company’s fifty day moving average price is $35.62 and its two-hundred day moving average price is $37.30.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The firm had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. As a group, research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.30 per share. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.20 annualized dividend and a yield of 3.45%. American Homes 4 Rent’s dividend payout ratio is 96.30%.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,286 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the transaction, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.05% of the stock is owned by corporate insiders.

Institutional Trading of American Homes 4 Rent

A number of large investors have recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. bought a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $26,000. National Pension Service bought a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $30,000. Assetmark Inc. grew its stake in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 392 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 607 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Company Profile

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.