Jefferies Financial Group Begins Coverage on American Homes 4 Rent (NYSE:AMH)

Jefferies Financial Group initiated coverage on shares of American Homes 4 Rent (NYSE:AMHGet Rating) in a research report report published on Wednesday, The Fly reports. The brokerage issued a buy rating and a $48.00 target price on the real estate investment trust’s stock. Jefferies Financial Group also issued estimates for American Homes 4 Rent’s Q1 2022 earnings at $0.34 EPS, Q2 2022 earnings at $0.38 EPS, Q3 2022 earnings at $0.37 EPS, Q4 2022 earnings at $0.43 EPS, FY2022 earnings at $1.52 EPS, FY2023 earnings at $1.70 EPS, FY2024 earnings at $1.81 EPS and FY2025 earnings at $1.91 EPS.

A number of other analysts have also recently weighed in on AMH. Mizuho raised their price objective on shares of American Homes 4 Rent from $42.00 to $44.00 and gave the stock a buy rating in a report on Tuesday, January 25th. BMO Capital Markets assumed coverage on shares of American Homes 4 Rent in a research report on Thursday, April 14th. They set an outperform rating and a $46.00 target price on the stock. KeyCorp assumed coverage on shares of American Homes 4 Rent in a research report on Tuesday, February 1st. They set a sector weight rating on the stock. Zacks Investment Research lowered shares of American Homes 4 Rent from a buy rating to a hold rating in a research report on Wednesday, March 23rd. Finally, Morgan Stanley lowered their target price on shares of American Homes 4 Rent from $43.50 to $41.00 and set an equal weight rating on the stock in a research report on Friday, March 11th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Buy and an average target price of $44.94.

AMH stock opened at $42.48 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.58. American Homes 4 Rent has a twelve month low of $35.48 and a twelve month high of $44.07. The company’s 50 day moving average is $39.61 and its two-hundred day moving average is $40.20. The stock has a market cap of $14.79 billion, a P/E ratio of 106.20, a PEG ratio of 3.56 and a beta of 0.61.

American Homes 4 Rent (NYSE:AMHGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. American Homes 4 Rent had a net margin of 12.84% and a return on equity of 2.69%. The company had revenue of $338.09 million for the quarter, compared to analysts’ expectations of $346.26 million. During the same quarter last year, the company earned $0.31 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities research analysts predict that American Homes 4 Rent will post 1.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were issued a $0.18 dividend. The ex-dividend date was Monday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.69%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.10. American Homes 4 Rent’s dividend payout ratio (DPR) is 180.00%.

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,275 shares of American Homes 4 Rent stock in a transaction on Tuesday, March 15th. The stock was bought at an average price of $25.41 per share, with a total value of $32,397.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.03% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in AMH. Norges Bank acquired a new position in shares of American Homes 4 Rent during the 4th quarter worth $701,205,000. Goldman Sachs Group Inc. raised its stake in shares of American Homes 4 Rent by 54.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 8,256,460 shares of the real estate investment trust’s stock worth $360,064,000 after buying an additional 2,921,537 shares during the last quarter. BlackRock Inc. raised its stake in shares of American Homes 4 Rent by 11.3% during the 4th quarter. BlackRock Inc. now owns 23,487,597 shares of the real estate investment trust’s stock worth $1,024,294,000 after buying an additional 2,384,487 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of American Homes 4 Rent during the 3rd quarter worth $75,775,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of American Homes 4 Rent by 819.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,925,024 shares of the real estate investment trust’s stock worth $83,950,000 after buying an additional 1,715,633 shares during the last quarter. 80.54% of the stock is owned by institutional investors and hedge funds.

About American Homes 4 Rent (Get Rating)

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, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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