American Homes 4 Rent (NYSE:AMH) Price Target Raised to $41.00

American Homes 4 Rent (NYSE:AMH) had its target price increased by equities research analysts at Scotiabank from $38.00 to $41.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective points to a potential upside of 7.09% from the company’s current price.

AMH has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Barclays boosted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 12th. Mizuho lowered their price objective on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Finally, Evercore ISI upped their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average target price of $40.86.

American Homes 4 Rent Price Performance

NYSE AMH traded down $0.42 on Monday, hitting $38.29. The stock had a trading volume of 218,285 shares, compared to its average volume of 2,166,880. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The firm has a 50-day moving average of $36.55 and a 200-day moving average of $36.44.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Equities analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan bought 4,000 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was purchased at an average cost of $23.42 per share, with a total value of $93,680.00. Following the transaction, the director now owns 12,000 shares in the company, valued at approximately $281,040. This trade represents a 50.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the transaction, the chief accounting officer now owns 99,214 shares in the company, valued at $3,870,338.14. This represents a 29.99% decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by company insiders.

Institutional Trading of American Homes 4 Rent

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mountain Hill Investment Partners Corp. purchased a new position in shares of American Homes 4 Rent during the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC purchased a new stake in American Homes 4 Rent in the first quarter worth $29,000. National Pension Service purchased a new stake in American Homes 4 Rent in the fourth quarter worth $30,000. Parallel Advisors LLC lifted its position in American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 532 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in American Homes 4 Rent by 56.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 392 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.