American Homes 4 Rent (NYSE:AMH) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a research note published on Saturday morning.

AMH has been the topic of several other research reports. Barclays dropped their price target on shares of American Homes 4 Rent from $43.00 to $42.00 and set an overweight rating on the stock in a research note on Wednesday, May 29th. JPMorgan Chase & Co. boosted their price target on American Homes 4 Rent from $37.00 to $38.00 and gave the stock a neutral rating in a research report on Monday, June 17th. Royal Bank of Canada upped their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an outperform rating in a research note on Monday, August 5th. Evercore ISI raised their price objective on American Homes 4 Rent from $38.00 to $39.00 and gave the company an in-line rating in a research note on Tuesday, July 9th. Finally, Scotiabank lifted their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company a sector outperform rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $39.86.

American Homes 4 Rent Trading Up 0.2 %

American Homes 4 Rent stock opened at $38.42 on Friday. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $38.91. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. The stock has a market cap of $14.07 billion, a P/E ratio of 39.20, a P/E/G ratio of 3.10 and a beta of 0.74. The company’s fifty day simple moving average is $36.55 and its 200-day simple moving average is $36.09.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in shares of American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 302 shares in the last quarter. Advisors Asset Management Inc. grew its stake 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’s stock valued at $104,000 after purchasing an additional 314 shares during the period. M&T Bank Corp raised 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’s stock worth $1,637,000 after buying an additional 348 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of American Homes 4 Rent by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 357 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in 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’s stock valued at $99,000 after buying an additional 369 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

About American Homes 4 Rent

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.