American Homes 4 Rent (NYSE:AMH) PT Raised to $43.00

American Homes 4 Rent (NYSE:AMH) had its target price lifted by equities researchers at JPMorgan Chase & Co. from $38.00 to $43.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 6.73% from the company’s previous close.

Other analysts also recently issued reports about the stock. UBS Group lifted their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Evercore ISI boosted their target price on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, August 28th. Barclays lowered their target price on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, May 29th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Finally, Royal Bank of Canada boosted their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $40.29 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The firm’s 50 day moving average price is $38.01 and its two-hundred day moving average price is $36.83. The firm has a market cap of $14.76 billion, a P/E ratio of 41.70, a PEG ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business had revenue of $423.50 million during the quarter, compared to analyst estimates of $422.46 million. During the same quarter last year, the business earned $0.41 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

Hedge Funds Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. V Square Quantitative Management LLC bought a new stake in shares of American Homes 4 Rent in the second quarter valued at about $32,000. Wetzel Investment Advisors Inc. bought a new stake in shares of American Homes 4 Rent in the second quarter valued at about $44,000. Opal Wealth Advisors LLC bought a new stake in shares of American Homes 4 Rent in the second quarter valued at about $54,000. GAMMA Investing LLC boosted its position in shares of American Homes 4 Rent by 24.1% in the first 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. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 310 shares during the period. 91.87% of the stock is owned by institutional investors.

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.