Barclays Has Lowered Expectations for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its target price reduced by research analysts at Barclays from $39.00 to $37.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target would suggest a potential upside of 6.94% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $39.00 to $40.00 in a report on Friday. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Mizuho raised their price objective on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a research note on Thursday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $34.60 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a market cap of $12.78 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 2.93 and a beta of 0.78. The stock’s 50 day simple moving average is $36.78 and its 200-day simple moving average is $37.55.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of $24.49 per share, with a total value of $80,474.14. Following the acquisition, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently made changes to their positions in AMH. Janus Henderson Group PLC raised its position in American Homes 4 Rent by 2,150.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after purchasing an additional 1,849,020 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of American Homes 4 Rent by 783.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock valued at $42,507,000 after buying an additional 981,872 shares during the period. FMR LLC lifted its stake in shares of American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after acquiring an additional 937,116 shares during the period. Marshall Wace LLP bought a new position in shares of American Homes 4 Rent in the 2nd quarter valued at about $17,367,000. Finally, KBC Group NV boosted its stake in American Homes 4 Rent by 553.0% in the third quarter. KBC Group NV now owns 378,819 shares of the real estate investment trust’s stock valued at $14,543,000 after acquiring an additional 320,805 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.