American Homes 4 Rent (NYSE:AMH) PT Raised to $41.00

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its target price upped by analysts at Scotiabank from $39.00 to $41.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a "sector outperform" rating on the real estate investment trust's stock. Scotiabank's price target suggests a potential upside of 12.51% from the stock's previous close.

AMH has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft assumed coverage on American Homes 4 Rent in a research note on Tuesday, January 30th. They set a "buy" rating and a $40.00 price target for the company. Mizuho increased their target price on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $39.00 price target on shares of American Homes 4 Rent in a report on Monday, February 26th. StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Wednesday, March 20th. Finally, 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 for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.71.

American Homes 4 Rent Price Performance

Shares of AMH traded down $0.21 during mid-day trading on Thursday, reaching $36.44. 1,192,256 shares of the stock traded hands, compared to its average volume of 3,179,302. 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 has a 1 year low of $31.36 and a 1 year high of $37.97. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70. The firm has a fifty day moving average price of $36.06 and a 200 day moving average price of $35.68.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released 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). The business had revenue of $423.56 million during the quarter, compared to analysts' expectations of $421.28 million. American Homes 4 Rent had a net margin of 22.55% and a return on equity of 5.00%. The business's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. As a group, equities research analysts predict that American Homes 4 Rent will post 1.74 earnings per share for the current year.

Insider Activity at American Homes 4 Rent

In other news, COO Bryan Smith sold 50,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,617,576.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Matthew J. Hart sold 7,263 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $36.76, for a total value of $266,987.88. Following the transaction, the director now owns 41,336 shares of the company's stock, valued at $1,519,511.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Bryan Smith sold 50,000 shares of American Homes 4 Rent stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.77, for a total value of $1,838,500.00. Following the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,617,576.60. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 14,476 shares of company stock worth $331,919 and sold 60,263 shares worth $2,212,078. 6.05% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new stake in shares of American Homes 4 Rent during the 3rd quarter valued at $26,000. Blue Trust Inc. lifted its position in shares of 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 valued at $32,000 after acquiring an additional 873 shares in the last quarter. Tobam boosted its stake in shares of 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 acquiring an additional 921 shares during the period. GAMMA Investing LLC purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth about $44,000. Finally, Capital Analysts LLC raised its stake in American Homes 4 Rent by 58.1% during the 4th quarter. Capital Analysts LLC now owns 1,436 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 528 shares during the period. Institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Company Profile

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.