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

American Homes 4 Rent (NYSE:AMH) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

A number of other brokerages have also recently commented on AMH. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their target price for the company from $41.00 to $42.00 in a report on Monday, November 11th. Mizuho increased their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Royal Bank of Canada raised their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $38.30 on Monday. 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 capitalization of $14.15 billion, a P/E ratio of 39.90, a PEG ratio of 3.25 and a beta of 0.77. The business has a 50 day moving average price of $37.85 and a 200 day moving average price of $37.44. 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 (NYSE:AMH) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Sell-side analysts expect that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB raised its position in American Homes 4 Rent by 14.3% in the second quarter. Swedbank AB now owns 400,000 shares of the real estate investment trust’s stock valued at $14,864,000 after purchasing an additional 50,000 shares during the period. OFI Invest Asset Management purchased a new position in American Homes 4 Rent in the second quarter valued at about $632,000. Marshall Wace LLP purchased a new position in American Homes 4 Rent in the second quarter valued at about $17,367,000. Catalyst Capital Advisors LLC purchased a new position in American Homes 4 Rent in the third quarter valued at about $53,000. Finally, Easterly Investment Partners LLC increased its position in shares of American Homes 4 Rent by 96.7% during the second quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust’s stock worth $9,227,000 after acquiring an additional 122,048 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

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.