American Homes 4 Rent (NYSE:AMH) had its target price raised by equities researchers at Credit Suisse Group from $36.00 to $38.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. Credit Suisse Group's target price points to a potential downside of 3.21% from the company's current price.
Other analysts have also issued reports about the stock. Royal Bank of Canada began coverage on shares of American Homes 4 Rent in a research report on Tuesday, March 30th. They issued an "outperform" rating and a $37.00 price target on the stock. Morgan Stanley raised their price objective on American Homes 4 Rent from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Zelman & Associates restated a "hold" rating on shares of American Homes 4 Rent in a research report on Monday, May 17th. TheStreet raised American Homes 4 Rent from a "c+" rating to a "b-" rating in a research report on Monday, March 1st. Finally, B. Riley increased their price objective on shares of American Homes 4 Rent from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, April 1st. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of "Hold" and an average price target of $34.82.
Shares of NYSE:AMH opened at $39.26 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $36.57. The firm has a market capitalization of $12.46 billion, a P/E ratio of 130.87, a P/E/G ratio of 2.16 and a beta of 0.49. American Homes 4 Rent has a 52-week low of $25.90 and a 52-week high of $39.37.
American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Wednesday, May 5th. The real estate investment trust reported $0.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.06 by $0.03. American Homes 4 Rent had a return on equity of 2.36% and a net margin of 12.47%. The company had revenue of $312.57 million for the quarter, compared to the consensus estimate of $308.95 million. During the same period in the previous year, the business posted $0.28 EPS. The company's revenue for the quarter was up 8.8% on a year-over-year basis. Research analysts predict that American Homes 4 Rent will post 1.28 EPS for the current fiscal year.
In other news, CEO David P. Singelyn sold 190,000 shares of the business's stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $32.52, for a total transaction of $6,178,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bryan Smith sold 8,078 shares of the company's stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $32.43, for a total value of $261,969.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 292,442 shares of company stock valued at $9,509,487. Insiders own 6.61% of the company's stock.
Hedge funds have recently made changes to their positions in the stock. Assetmark Inc. lifted its position in American Homes 4 Rent by 2.5% during the 1st quarter. Assetmark Inc. now owns 11,518 shares of the real estate investment trust's stock valued at $384,000 after purchasing an additional 282 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of American Homes 4 Rent by 0.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 92,891 shares of the real estate investment trust's stock worth $2,787,000 after buying an additional 393 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in American Homes 4 Rent by 173.0% in the first quarter. Arkadios Wealth Advisors now owns 759 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 481 shares during the period. CIBC Asset Management Inc boosted its stake in American Homes 4 Rent by 5.0% in the first quarter. CIBC Asset Management Inc now owns 11,680 shares of the real estate investment trust's stock valued at $389,000 after acquiring an additional 556 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in American Homes 4 Rent by 0.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 212,425 shares of the real estate investment trust's stock worth $6,373,000 after acquiring an additional 643 shares during the period. Hedge funds and other institutional investors own 84.50% of the company's stock.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.
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