| Over a week ago | ||||
B. Riley Securities… B. Riley Securities analyst Craig Kucera raised the firm's price target on American Homes 4 Rent to $38 from $34 and keeps a Buy rating on the shares. Single-family home price appreciation in the company's markets accelerated at a weighted average annual 14% in Q1 after a strong 2020 outing, Kucera tells investors in a research note. With inventory levels down 30% year-over-year to two months of supply, the analyst expects continued outsized home price appreciation. | ||||
RBC Capital analyst Brad… RBC Capital analyst Brad Heffern initiated coverage of American Homes 4 Rent with an Outperform rating and $37 price target as part of a broader research note on Residential REITs. The analyst sees the stock as the "best way to play development in single-family home space" and is also positive on the company's "strong balance sheet" and most suburban portfolio. | ||||
| Over a month ago | ||||
Reports Q4 revenue… Reports Q4 revenue $299.3M, consensus $303.92M. "American Homes 4 Rent closed out 2020 with record breaking results, generating over 7% year-over-year growth in Q4 Core FFO per share and unit," stated CEO David Singelyn. "I am incredibly proud of our team's dedication and performance this year, which has provided us with unprecedented momentum as we enter 2021. Our differentiated strategy which combines a best-in-class operating platform, the nation's leading single-family rental home builder and an investment grade balance sheet truly sets us apart, as demonstrated by our accelerating 2021 Core FFO growth expectation of nearly 8%. And when coupled with our growing dividend, which we are doubling in 1Q21, we believe we are positioned to continue producing outsized total shareholder returns for years to come." | ||||
American Homes 4 Rent… American Homes 4 Rent declared a dividend of 10c per share on the company's common shares for Q1, an increase of 100% versus the prior quarterly dividend rate of 5c per share. The distribution will be payable in cash on March 31 to shareholders of record on March 15. | ||||
Credit Suisse analyst… Credit Suisse analyst Douglas Harter assumed coverage of American Homes 4 Rent with a Neutral rating and a price target of $32. The analyst believes the name already trades more expensively relative to peers on FFO multiples and sees better total return potential elsewhere. | |
Evercore ISI analyst Rich… Evercore ISI analyst Rich Hightower downgraded American Homes 4 Rent to In Line from Outperform as part of a broader research note on multi- and single-family housing REITs. The analyst is taking a more neutral stance on the single-family rental segment despite its "obviously more favorable" earnings outlook than that of Apartments, noting that these REITs have already been "significant" relative outperformers since COVID selloff began in late February of last year. | |
Evercore ISI analyst Rich… Evercore ISI analyst Rich Hightower downgraded American Homes 4 Rent to In Line from Outperform. |
| Over a quarter ago | ||||
B. Riley Securities… B. Riley Securities analyst Craig Kucera took over coverage of American Homes 4 Rent with a Buy rating and $34 price target. The analyst sees the company's capacity to create value through developing new homes to rent at this point in the housing cycle as a "significant driver for incremental value creation." | ||||
Citi analyst Nicholas… Citi analyst Nicholas Joseph raised the firm's price target on American Homes 4 Rent to $31 from $28 and keeps a Neutral rating on the shares. | ||||