Mizuho Lowers American Homes 4 Rent (NYSE:AMH) Price Target to $37.00

American Homes 4 Rent (NYSE:AMH) had its price target lowered by equities researchers at Mizuho from $41.00 to $37.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 4.48% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. JMP Securities restated 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. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada dropped their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.33.

American Homes 4 Rent Price Performance

Shares of AMH stock opened at $35.41 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The company has a market capitalization of $13.11 billion, a P/E ratio of 32.79, a P/E/G ratio of 3.56 and a beta of 0.77. The company’s 50-day simple moving average is $35.44 and its two-hundred day simple moving average is $37.13. American Homes 4 Rent has a one year low of $34.01 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The business had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mountain Hill Investment Partners Corp. acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth $26,000. National Pension Service acquired a new stake in shares of American Homes 4 Rent during the fourth quarter worth $30,000. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 790 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of 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 worth $41,000 after buying an additional 392 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 607 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

About American Homes 4 Rent

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.