American Homes 4 Rent (NYSE:AMH) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, January 2nd will be given a dividend of 0.05 per share by the real estate investment trust on Friday, January 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, December 29th.
American Homes 4 Rent has a payout ratio of 19.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Homes 4 Rent to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 17.1%.
American Homes 4 Rent (NYSE:AMH) opened at $21.78 on Friday. American Homes 4 Rent has a 12-month low of $20.09 and a 12-month high of $23.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $6,250.00, a price-to-earnings ratio of 2,178.00, a PEG ratio of 1.88 and a beta of 0.68.
AMH has been the topic of several recent analyst reports. Citigroup initiated coverage on American Homes 4 Rent in a report on Friday, October 20th. They set a “buy” rating and a $25.00 target price on the stock. BTIG Research initiated coverage on American Homes 4 Rent in a report on Monday, October 9th. They set a “buy” rating and a $26.00 target price on the stock. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 target price on the stock in a report on Monday, December 4th. B. Riley set a $26.00 target price on American Homes 4 Rent and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, J P Morgan Chase & Co upgraded American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 target price on the stock in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. American Homes 4 Rent has an average rating of “Buy” and a consensus target price of $25.22.
In other American Homes 4 Rent news, Director B Wayne Et Al Hughes bought 4,550 shares of American Homes 4 Rent stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $100,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have acquired 1,670,950 shares of company stock worth $35,816,444. Corporate insiders own 27.82% of the company’s stock.
An institutional investor recently raised its position in American Homes 4 Rent stock. The Manufacturers Life Insurance Company grew its position in American Homes 4 Rent (NYSE:AMH) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,247 shares of the real estate investment trust’s stock after purchasing an additional 515 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in American Homes 4 Rent were worth $164,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 88.21% of the company’s stock.
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American Homes 4 Rent Company Profile
American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.
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