Keefe, Bruyette & Woods Boosts American Homes 4 Rent (NYSE:AMH) Price Target to $39.00

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its price target upped by equities research analysts at Keefe, Bruyette & Woods from $38.00 to $39.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a "market perform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 8.57% from the stock's current price.

A number of other equities research analysts have also recently commented on the company. BNP Paribas started coverage on American Homes 4 Rent in a research note on Monday, January 22nd. They issued an "outperform" rating and a $42.00 target price on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $39.00 price objective on shares of American Homes 4 Rent in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a report on Tuesday, January 30th. They issued a "buy" rating and a $40.00 price objective for the company. StockNews.com cut shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Wednesday, March 20th. Finally, Raymond James lifted their price target on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $39.62.

American Homes 4 Rent Stock Down 0.4 %

Shares of AMH stock traded down $0.15 during midday trading on Monday, reaching $35.92. 996,176 shares of the stock were exchanged, compared to its average volume of 3,232,965. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The firm has a market cap of $13.16 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 2.76 and a beta of 0.70. The company's 50 day moving average is $36.09 and its two-hundred day moving average is $35.61. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The firm had revenue of $423.56 million during the quarter, compared to analysts' expectations of $421.28 million. During the same period in the previous year, the company earned $0.41 earnings per share. American Homes 4 Rent's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts predict that American Homes 4 Rent will post 1.74 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Brian Reitz sold 3,000 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.53, for a total value of $106,590.00. Following the completion of the transaction, the chief accounting officer now owns 35,343 shares of the company's stock, valued at $1,255,736.79. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other American Homes 4 Rent news, CAO Brian Reitz sold 3,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the transaction, the chief accounting officer now owns 35,343 shares in the company, valued at $1,255,736.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas N. Benham bought 3,500 shares of American Homes 4 Rent stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average price of $23.00 per share, for a total transaction of $80,500.00. Following the completion of the acquisition, the director now owns 37,997 shares in the company, valued at $873,931. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 14,476 shares of company stock worth $331,919 and sold 60,263 shares worth $2,212,078. 6.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Several large investors have recently modified their holdings of the stock. VisionPoint Advisory Group LLC bought a new position in American Homes 4 Rent during the third quarter valued at $26,000. Blue Trust Inc. lifted its stake in American Homes 4 Rent by 1,091.3% in the fourth quarter. Blue Trust Inc. now owns 953 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 873 shares during the last quarter. Tobam lifted its stake in American Homes 4 Rent by 2,192.9% in the fourth quarter. Tobam now owns 963 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 921 shares during the last quarter. GAMMA Investing LLC purchased a new position in American Homes 4 Rent during the 4th quarter valued at $44,000. Finally, Capital Analysts LLC increased its stake in American Homes 4 Rent by 58.1% in the fourth quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 528 shares during the period. Institutional investors own 91.87% of the company's stock.

About American Homes 4 Rent

AMH NYSE: AMH is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.