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

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

Several other equities research analysts also recently issued reports on the company. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $39.00 to $40.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods cut their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. JMP Securities reaffirmed a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. Finally, Barclays cut their price target on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.47.

American Homes 4 Rent Trading Down 1.4 %

NYSE AMH opened at $34.83 on Monday. The company has a market cap of $12.87 billion, a PE ratio of 32.25, a PEG ratio of 3.56 and a beta of 0.78. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a 12 month low of $34.01 and a 12 month high of $41.41. The stock has a 50 day moving average of $35.62 and a 200-day moving average of $37.30.

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

American Homes 4 Rent Increases Dividend

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

Insider Buying and Selling

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

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently bought and sold shares of AMH. Toronto Dominion Bank grew its stake in American Homes 4 Rent by 6.8% in the 4th quarter. Toronto Dominion Bank now owns 44,224 shares of the real estate investment trust’s stock valued at $1,655,000 after purchasing an additional 2,814 shares during the period. GF Fund Management CO. LTD. bought a new position in American Homes 4 Rent in the 4th quarter valued at $224,000. Burgundy Asset Management Ltd. grew its stake in American Homes 4 Rent by 1.6% in the 4th quarter. Burgundy Asset Management Ltd. now owns 3,844,552 shares of the real estate investment trust’s stock valued at $143,863,000 after purchasing an additional 60,756 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in American Homes 4 Rent by 0.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,846,804 shares of the real estate investment trust’s stock valued at $106,527,000 after purchasing an additional 19,336 shares during the period. Finally, Sophron Capital Management L.P. bought a new position in American Homes 4 Rent in the 4th quarter valued at $2,445,000. Institutional investors own 91.87% of the company’s stock.

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.