Barclays Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $44.00
American Homes 4 Rent (NYSE:AMH – Get Rating) had its price objective reduced by equities research analysts at Barclays from $49.00 to $44.00 in a report released on Tuesday, The Fly reports. Barclays‘s target price points to a potential upside of 21.68% from the stock’s current price.
Several other brokerages have also recently commented on AMH. Credit Suisse Group reduced their price target on shares of American Homes 4 Rent from $44.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, June 23rd. Raymond James restated a “strong-buy” rating and issued a $45.00 price target (down previously from $48.00) on shares of American Homes 4 Rent in a research note on Thursday, June 23rd. Mizuho lowered their price objective on shares of American Homes 4 Rent from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, July 6th. Oppenheimer assumed coverage on shares of American Homes 4 Rent in a report on Monday, July 18th. They set a “market perform” rating and a $35.00 target price for the company. Finally, BMO Capital Markets initiated coverage on shares of American Homes 4 Rent in a research note on Thursday, April 14th. They set an “outperform” rating and a $46.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average target price of $42.44.
American Homes 4 Rent Trading Down 0.6 %
Shares of AMH opened at $36.16 on Tuesday. The stock has a fifty day moving average of $35.89 and a two-hundred day moving average of $38.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $12.59 billion, a PE ratio of 76.94, a price-to-earnings-growth ratio of 2.99 and a beta of 0.58. American Homes 4 Rent has a fifty-two week low of $32.60 and a fifty-two week high of $44.07.
American Homes 4 Rent (NYSE:AMH – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The firm had revenue of $356.11 million during the quarter, compared to the consensus estimate of $355.76 million. American Homes 4 Rent had a return on equity of 3.05% and a net margin of 13.74%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. As a group, analysts forecast that American Homes 4 Rent will post 1.56 EPS for the current year.
Insider Activity at American Homes 4 Rent
In other news, Director Tamara Hughes Gustavson bought 200,000 shares of American Homes 4 Rent stock in a transaction dated Thursday, May 12th. The shares were acquired at an average price of $35.71 per share, with a total value of $7,142,000.00. Following the completion of the purchase, the director now owns 8,830,956 shares in the company, valued at approximately $315,353,438.76. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired a total of 200,706 shares of company stock valued at $7,161,700 over the last 90 days. 6.03% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Long Pond Capital LP raised its position in American Homes 4 Rent by 7.4% during the 4th quarter. Long Pond Capital LP now owns 4,124,975 shares of the real estate investment trust’s stock worth $179,890,000 after buying an additional 282,791 shares during the last quarter. BOKF NA raised its holdings in shares of American Homes 4 Rent by 134.8% during the 4th quarter. BOKF NA now owns 88,930 shares of the real estate investment trust’s stock worth $3,878,000 after acquiring an additional 51,050 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of American Homes 4 Rent by 14.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 65,728 shares of the real estate investment trust’s stock worth $2,866,000 after acquiring an additional 8,515 shares during the period. M&T Bank Corp raised its holdings in shares of American Homes 4 Rent by 15.5% during the 4th quarter. M&T Bank Corp now owns 29,114 shares of the real estate investment trust’s stock worth $1,269,000 after acquiring an additional 3,916 shares during the period. Finally, First Eagle Investment Management LLC purchased a new stake in American Homes 4 Rent in the 4th quarter valued at about $215,000. 88.49% of the stock is currently owned by institutional investors.
About American Homes 4 Rent
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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