American Homes 4 Rent (NYSE:AMH) Stock Gets Price Target Bump from UBS Group

Key Points

• UBS raised its price target on American Homes 4 Rent from $32 to $34 but kept a neutral rating, implying 3.32% upside from the then-current share price.
• AMH reported quarterly EPS of $0.50, beating the $0.18 consensus estimate, and revenue of $498.07 million versus forecasts of $488.73 million; revenue rose 4.1% year over year.
• Analyst sentiment overall was more positive: MarketBeat cited a “Moderate Buy” consensus and an average price target of $36.65.

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its price target boosted by analysts at UBS Group from $32.00 to $34.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price objective would indicate a potential upside of 3.32% from the company's current price.

AMH has been the topic of a number of other research reports. Weiss Ratings reissued a "hold (c)" rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Scotiabank dropped their target price on shares of American Homes 4 Rent from $33.00 to $31.00 and set a "sector perform" rating on the stock in a report on Thursday, September 17th. Barclays lowered their price target on shares of American Homes 4 Rent from $36.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 14th. Citigroup reaffirmed a "market outperform" rating on shares of American Homes 4 Rent in a report on Wednesday, August 5th. Finally, Mizuho upgraded shares of American Homes 4 Rent from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $35.00 to $36.00 in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, American Homes 4 Rent has an average rating of "Moderate Buy" and an average target price of $36.65.

American Homes 4 Rent Stock Up 0.3%

Shares of American Homes 4 Rent stock traded up $0.09 during midday trading on Monday, reaching $32.91. 2,407,476 shares of the company's stock traded hands, compared to its average volume of 3,205,935. The company's 50 day simple moving average is $31.47 and its 200 day simple moving average is $31.63. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.55 and a current ratio of 0.55. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $35.07. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 5.01 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.32. The firm had revenue of $498.07 million during the quarter, compared to analyst estimates of $488.73 million. American Homes 4 Rent had a return on equity of 6.07% and a net margin of 24.17%. The company's revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 EPS. Equities analysts expect that American Homes 4 Rent will post 1.91 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jack Corrigan bought 8,000 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average cost of $21.49 per share, with a total value of $171,920.00. Following the transaction, the director directly owned 25,000 shares in the company, valued at approximately $537,250. This trade represents a 47.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 15,000 shares of company stock valued at $328,040 over the last three months. Corporate insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. increased its position in American Homes 4 Rent by 39.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,631 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 461 shares in the last quarter. Aberdeen Group plc increased its holdings in American Homes 4 Rent by 6.0% during the third quarter. Aberdeen Group plc now owns 150,467 shares of the real estate investment trust's stock worth $4,573,000 after buying an additional 8,532 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of American Homes 4 Rent by 3.2% in the third quarter. Russell Investments Group Ltd. now owns 891,871 shares of the real estate investment trust's stock valued at $27,104,000 after buying an additional 27,944 shares during the period. Eurizon Capital SGR S.p.A. lifted its stake in shares of American Homes 4 Rent by 10.0% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 46,856 shares of the real estate investment trust's stock valued at $1,425,000 after buying an additional 4,272 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in American Homes 4 Rent by 39.9% in the 3rd quarter. Fifth Third Bancorp now owns 3,105 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 886 shares during the period. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent is a real estate investment trust that owns, operates and leases single-family homes in the United States. The company rents homes to individuals and families, offering an alternative to homeownership in its markets.

In addition to acquiring existing homes, American Homes 4 Rent develops single-family properties for rental through its build-to-rent program. Its portfolio and operations span multiple regions of the country, including the Southeast, Midwest, Southwest and West.

Founded in 2012 by real estate entrepreneur B.

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