American Homes 4 Rent (NYSE:AMH) Price Target Cut to $40.00 by Analysts at Evercore ISI

Key Points

• Evercore ISI has cut the price target for American Homes 4 Rent from $41.00 to $40.00, maintaining an "outperform" rating, suggesting an upside potential of 18.23% from the last closing price.
• American Homes 4 Rent recently reported strong earnings, with $0.47 EPS for the quarter, surpassing estimates and showing an 8% year-over-year revenue growth.
• Currently, the stock has an average rating of "Moderate Buy" from analysts, with eight giving a "Buy" rating and six a "Hold" rating.

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its price objective dropped by stock analysts at Evercore ISI from $41.00 to $40.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's price target points to a potential upside of 18.23% from the company's previous close.

A number of other research firms have also recently commented on AMH. Morgan Stanley lifted their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a report on Tuesday, August 19th. Citigroup cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a report on Friday, June 6th. Finally, Barclays lowered their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and an average price target of $40.33.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $33.83 on Monday. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The company's 50 day moving average price is $35.26 and its two-hundred day moving average price is $36.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. The stock has a market cap of $12.55 billion, a P/E ratio of 30.46, a P/E/G ratio of 2.88 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly 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. The company had revenue of $457.50 million for the quarter, compared to analysts' expectations of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. American Homes 4 Rent's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Institutional Trading of American Homes 4 Rent

Hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new stake in American Homes 4 Rent in the first quarter worth $29,000. Hantz Financial Services Inc. lifted its stake in American Homes 4 Rent by 922.2% in the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 747 shares during the last quarter. Parallel Advisors LLC lifted its stake in American Homes 4 Rent by 171.1% in the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 532 shares during the last quarter. AlphaQuest LLC bought a new stake in American Homes 4 Rent in the second quarter worth $33,000. Finally, Pandora Wealth Inc. bought a new stake in American Homes 4 Rent in the first quarter worth $38,000. 91.87% of the stock is owned by institutional investors.

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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