American Homes 4 Rent (NYSE:AMH) Stock Price Expected to Rise, Barclays Analyst Says

American Homes 4 Rent (NYSE:AMH) had its price objective hoisted by investment analysts at Barclays from $37.00 to $38.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price objective points to a potential upside of 9.82% from the company’s current price.

Several other analysts have also commented on the stock. StockNews.com lowered 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 lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. JMP Securities restated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reduced their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.33.

American Homes 4 Rent Trading Down 1.1 %

American Homes 4 Rent stock opened at $34.60 on Wednesday. The firm has a 50 day simple moving average of $35.48 and a 200-day simple moving average of $37.15. 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 stock has a market capitalization of $12.81 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 12-month low of $34.01 and a 12-month high of $41.41.

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

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TCW Group Inc. purchased a new stake in American Homes 4 Rent in the 3rd quarter worth approximately $962,000. Charles Schwab Investment Management Inc. lifted its stake in shares of American Homes 4 Rent by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust’s stock valued at $162,180,000 after purchasing an additional 110,022 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in American Homes 4 Rent by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,958,336 shares of the real estate investment trust’s stock worth $110,701,000 after purchasing an additional 248,729 shares in the last quarter. Swedbank AB increased its position in American Homes 4 Rent by 25.0% during the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock worth $19,195,000 after buying an additional 100,000 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in American Homes 4 Rent by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock valued at $503,503,000 after buying an additional 214,242 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

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.