Analysts Set American Homes 4 Rent (NYSE:AMH) Target Price at $40.90

Key Points

• Analysts have given American Homes 4 Rent (NYSE:AMH) a consensus rating of "Moderate Buy", with eight analysts recommending buying the stock and seven suggesting to hold.
• The average price target for AMH shares among brokerages is $40.90, reflecting optimism in the company's stock performance.
• Director Jack E. Corrigan purchased 4,000 shares at an average price of $22.93, indicating increased confidence in the company's future prospects.

Shares of American Homes 4 Rent (NYSE:AMH - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $40.90.

AMH has been the topic of a number of analyst reports. Evercore ISI boosted their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Royal Bank Of Canada lifted their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods increased their price objective on shares of American Homes 4 Rent from $38.00 to $40.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 6th. Raymond James Financial raised their price objective on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, Scotiabank upped their target price on American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th.

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the acquisition, the director directly owned 15,000 shares of the company's stock, valued at $343,950. The trade was a 36.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.32% of the company's stock.

Institutional Investors Weigh In On American Homes 4 Rent

Several large investors have recently modified their holdings of AMH. Alyeska Investment Group L.P. increased its holdings in American Homes 4 Rent by 185.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,989,260 shares of the real estate investment trust's stock valued at $74,438,000 after buying an additional 1,291,865 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in American Homes 4 Rent by 16.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,691 shares of the real estate investment trust's stock valued at $3,921,000 after acquiring an additional 14,278 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of American Homes 4 Rent by 3.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust's stock valued at $26,014,000 after acquiring an additional 22,391 shares during the period. Cerity Partners LLC raised its position in shares of American Homes 4 Rent by 152.4% in the 1st quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock worth $1,632,000 after acquiring an additional 26,057 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of American Homes 4 Rent by 40.1% during the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust's stock worth $156,548,000 after purchasing an additional 1,198,471 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Trading Down 1.0%

AMH traded down $0.34 on Thursday, hitting $34.41. The company had a trading volume of 1,218,131 shares, compared to its average volume of 2,238,838. The business's fifty day simple moving average is $36.12 and its 200 day simple moving average is $36.27. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41. The company has a market cap of $12.74 billion, a PE ratio of 31.00, a PEG ratio of 3.62 and a beta of 0.72.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. The firm had revenue of $457.50 million during the quarter, compared to analysts' expectations of $451.50 million. During the same quarter in the previous year, the business earned $0.45 EPS. The company's quarterly revenue was up 8.0% on a year-over-year basis. Equities research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

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.