Evercore ISI Issues Positive Forecast for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its price objective increased by analysts at Evercore ISI from $40.00 to $41.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's target price indicates a potential upside of 5.83% from the stock's current price.

Several other equities research analysts have also recently weighed in on AMH. JMP Securities restated a "market outperform" rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a "buy" rating to a "hold" rating and reduced their price objective for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Royal Bank of Canada lowered their target price on American Homes 4 Rent from $40.00 to $39.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Mizuho reduced their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Finally, Raymond James lowered their price objective on shares of American Homes 4 Rent from $44.00 to $39.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, American Homes 4 Rent presently has an average rating of "Hold" and an average price target of $40.36.

American Homes 4 Rent Price Performance

Shares of AMH traded down $0.13 during trading hours on Friday, hitting $38.74. 1,413,903 shares of the company were exchanged, compared to its average volume of 2,180,920. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 35.87, a P/E/G ratio of 3.56 and a beta of 0.78. The firm's fifty day moving average is $36.40 and its 200 day moving average is $36.43.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. The firm had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. On average, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Institutional Trading of American Homes 4 Rent

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in American Homes 4 Rent by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust's stock valued at $1,681,984,000 after purchasing an additional 240,583 shares during the period. Norges Bank purchased a new stake in American Homes 4 Rent during the fourth quarter worth about $822,019,000. Principal Financial Group Inc. increased its holdings in American Homes 4 Rent by 6.8% during the fourth quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust's stock worth $598,232,000 after buying an additional 1,015,351 shares during the last quarter. JPMorgan Chase & Co. raised its position in American Homes 4 Rent by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust's stock worth $516,591,000 after acquiring an additional 689,741 shares during the period. Finally, FMR LLC boosted its stake in American Homes 4 Rent by 9.2% in the fourth quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust's stock valued at $336,157,000 after acquiring an additional 757,772 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other 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.