American Homes 4 Rent (NYSE:AMH) Earns Outperform Rating from Scotiabank

American Homes 4 Rent (NYSE:AMH)‘s stock had its “outperform” rating reaffirmed by investment analysts at Scotiabank in a report released on Wednesday, Stock Target Advisor reports. They presently have a $42.00 price target on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 9.09% from the company’s current price.

AMH has been the topic of several other research reports. UBS Group upped their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Barclays cut their price target on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. 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 research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.21.

American Homes 4 Rent Trading Down 0.3 %

Shares of NYSE:AMH traded down $0.13 during mid-day trading on Wednesday, hitting $38.50. The company had a trading volume of 157,292 shares, compared to its average volume of 2,712,370. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59. American Homes 4 Rent has a one year low of $31.36 and a one year high of $38.91. The firm has a fifty day moving average price of $36.86 and a 200 day moving average price of $36.22. The company has a market capitalization of $14.10 billion, a PE ratio of 39.36, a price-to-earnings-growth ratio of 3.10 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.91%. The firm had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts forecast that American Homes 4 Rent will post 1.74 EPS for the current year.

Hedge Funds Weigh In On American Homes 4 Rent

A number of large investors have recently modified their holdings of AMH. Norges Bank purchased a new stake in American Homes 4 Rent in the 4th quarter worth approximately $789,947,000. Cohen & Steers Inc. raised its position in shares of American Homes 4 Rent by 41.0% in the fourth quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock worth $318,755,000 after buying an additional 2,575,854 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in American Homes 4 Rent by 180.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock valued at $93,848,000 after buying an additional 1,679,846 shares during the period. Goldman Sachs Group Inc. grew its position in American Homes 4 Rent by 80.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock worth $127,263,000 after buying an additional 1,574,295 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in American Homes 4 Rent by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after acquiring an additional 1,094,714 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're 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 experience of leasing a home and deliver peace of mind to households across the country.