American Homes 4 Rent (NYSE:AMH) Price Target Raised to $42.00

American Homes 4 Rent (NYSE:AMH) had its price objective raised by Royal Bank of Canada from $41.00 to $42.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other research analysts have also commented on the company. Barclays reduced 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 report on Wednesday, May 29th. Keefe, Bruyette & Woods raised their price target on shares of 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. Scotiabank raised their target price on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company a sector outperform rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. upped 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. Finally, Evercore ISI raised their price objective 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 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $39.86.

American Homes 4 Rent Stock Performance

AMH stock opened at $38.36 on Monday. 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 1-year low of $31.36 and a 1-year high of $38.91. The business has a 50-day moving average price of $36.45 and a 200 day moving average price of $36.04. The company has a market capitalization of $14.05 billion, a P/E ratio of 39.14, a PEG ratio of 3.10 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate 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 business had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.74 EPS for the current fiscal year.

Hedge Funds Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently bought and sold shares of AMH. GAMMA Investing LLC lifted its stake in 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 during the period. Advisors Asset Management Inc. lifted its position in American Homes 4 Rent by 12.5% during the first 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 boosted its holdings in American Homes 4 Rent by 0.8% in the fourth quarter. M&T Bank Corp now owns 45,526 shares of the real estate investment trust’s stock valued at $1,637,000 after purchasing an additional 348 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in American Homes 4 Rent by 2.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after purchasing an additional 357 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in American Homes 4 Rent by 15.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 369 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.