American Homes 4 Rent (NYSE:AMH – Get Free Report) The price target was raised by Scotiabank from $41.00 to $42.00 in a report published on Wednesday, Benzinga reports. The firm currently has a “Sector Outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential upside of 9.49% from the company’s current price.
AMH has been the subject of a number of other reports. Keefe, Bruyette & Woods increased their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a report on Monday, May 13th. Royal Bank of Canada increased their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday. Barclays reduced their price target on American Homes 4 Rent from $43.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, Evercore ISI raised their price target on American Homes 4 Rent from $38.00 to $39.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 9. One analyst rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating. According to MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus price target of $39.86.
Check out our latest analysis on AMH
Rental portfolio at American Homes 4 increased by 0.1%
AMH stock opened at $38.36 on Wednesday. The company has a debt-to-equity ratio of 0.58, a short-term debt ratio of 0.59 and a current debt ratio of 0.59. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 3.10 and a beta of 0.74. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $38.91. The stock has a 50-day moving average of $36.45 and a 200-day moving average of $36.04.
American Homes 4 Rent (NYSE:AMH – Get Free Report) last released its quarterly earnings results on Thursday, August 1. The real estate investment trust reported earnings per share of $0.25 for the quarter, missing the consensus estimate of $0.43 by ($0.18). The company had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The company’s revenue grew 7.1% compared to the year-ago quarter. In the year-ago quarter, the company reported earnings per share of $0.41. As a group, equities analysts forecast that American Homes 4 Rent will post earnings per share of $1.74 for the current year.
Institutional investors comment on American Homes 4 Rent
Several major investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of American Homes 4 Rent by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust worth $57,000 after purchasing an additional 302 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of American Homes 4 Rent by 12.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust worth $104,000 after purchasing an additional 314 shares during the same period. M&T Bank Corp increased its holdings in shares of American Homes 4 Rent by 0.8% in the 4th quarter. M&T Bank Corp now owns 45,526 shares of the real estate investment trust valued at $1,637,000 after purchasing an additional 348 shares during the period. Dynamic Advisor Solutions LLC increased its stake in shares of American Homes 4 Rent by 2.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust valued at $544,000 after purchasing an additional 357 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of American Homes 4 Rent by 15.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust valued at $99,000 after purchasing an additional 369 shares during the period. 91.87% of the shares are currently owned by institutional investors.
American Homes 4 Rent Company Profile
(Get free report)
AMH (NYSE: AMH) is a leading integrated owner, operator and developer of large-scale single-family rental properties. We are an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the home rental experience and provide certainty to households across the country.
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