American Homes 4 Rent (NYSE:AMH) Price Target Cut to $39.00 by Analysts at Barclays

Key Points

• Barclays has reduced the price target for American Homes 4 Rent from $40 to $39, signaling a potential upside of 13.60% from its previous close.
• Several analysts have recently rated the stock, with a consensus price target of $40.97 and an overall rating of "Moderate Buy".
• American Homes 4 Rent reported earnings of $0.47 per share for the last quarter, surpassing estimates, with revenue increasing 8.0% year-over-year.

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its price target lowered by Barclays from $40.00 to $39.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Barclays's price objective indicates a potential upside of 13.60% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the stock. Evercore ISI lifted their price target 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. Scotiabank lifted their price target on shares of American Homes 4 Rent from $38.00 to $41.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a research note on Friday, June 6th. Morgan Stanley lifted their price objective on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada lifted their price objective on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.97.

American Homes 4 Rent Trading Down 0.3%

Shares of NYSE:AMH opened at $34.33 on Tuesday. The company has a 50-day simple moving average of $35.97 and a 200 day simple moving average of $36.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $12.73 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 3.57 and a beta of 0.72. American Homes 4 Rent has a 52-week low of $31.68 and a 52-week high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. Sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 4,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average cost of $22.93 per share, with a total value of $91,720.00. Following the acquisition, the director owned 15,000 shares in the company, valued at approximately $343,950. This represents a 36.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.01% of the company's stock.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors and hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new stake in shares of American Homes 4 Rent during the 1st quarter valued at about $29,000. Hantz Financial Services Inc. boosted its stake in shares of American Homes 4 Rent by 922.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 747 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of American Homes 4 Rent by 171.1% during the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 532 shares in the last quarter. AlphaQuest LLC purchased a new position in American Homes 4 Rent during the 2nd quarter valued at about $33,000. Finally, Pandora Wealth Inc. purchased a new position in American Homes 4 Rent during the 1st quarter valued at about $38,000. Institutional investors own 91.87% of the company's stock.

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.

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