American Homes 4 Rent (NYSE:AMH) Price Target Raised to $41.00 at Scotiabank

American Homes 4 Rent (NYSE:AMH) had its target price upped by Scotiabank from $38.00 to $41.00 in a research note released on Monday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on AMH. Mizuho lowered their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada lifted their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. JMP Securities restated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their price target on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.86.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $37.35 on Monday. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The firm has a fifty day simple moving average of $36.63 and a 200 day simple moving average of $36.46. The company has a market capitalization of $13.83 billion, a PE ratio of 34.58, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. During the same quarter last year, the firm earned $0.43 earnings per share. American Homes 4 Rent’s quarterly revenue was up 8.4% on a year-over-year basis. On average, sell-side analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, June 13th. American Homes 4 Rent’s dividend payout ratio is currently 111.11%.

Insider Activity

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the transaction, the chief accounting officer now directly owns 99,214 shares of the company’s stock, valued at $3,870,338.14. This trade represents a 29.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack E. Corrigan purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were purchased at an average cost of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at $281,040. This represents a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. GF Fund Management CO. LTD. lifted its position in shares of American Homes 4 Rent by 5.1% during the first quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 304 shares in the last quarter. Atria Investments Inc raised its position in American Homes 4 Rent by 0.4% in the fourth quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock worth $3,175,000 after acquiring an additional 316 shares during the period. Arizona State Retirement System raised its position in American Homes 4 Rent by 0.4% in the first quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust’s stock worth $3,630,000 after acquiring an additional 366 shares during the period. Assetmark Inc. raised its position in American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 375 shares during the period. Finally, Quadrant Capital Group LLC raised its position in American Homes 4 Rent by 11.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 376 shares during the period. 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.