Evercore ISI Raises American Homes 4 Rent (NYSE:AMH) Price Target to $41.00

American Homes 4 Rent (NYSE:AMH) had its target price raised by Evercore ISI from $40.00 to $41.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price would suggest a potential upside of 4.75% from the stock’s previous close.

AMH has been the subject of a number of other reports. Barclays cut their price objective on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, May 29th. UBS Group raised their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $36.00 to $42.00 in a report on Monday. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company a “market perform” rating in a research note on Monday, May 13th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.47.

American Homes 4 Rent Price Performance

NYSE:AMH opened at $39.14 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $37.29 and a 200 day simple moving average of $36.39. American Homes 4 Rent has a 1-year low of $31.36 and a 1-year high of $39.33. The stock has a market capitalization of $14.34 billion, a PE ratio of 39.94, a P/E/G ratio of 3.10 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.18). The firm had revenue of $423.50 million for the quarter, compared to analyst estimates of $422.46 million. American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, research analysts expect that American Homes 4 Rent will post 1.74 EPS for the current fiscal year.

Institutional Trading of American Homes 4 Rent

Institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC bought a new stake in American Homes 4 Rent during the fourth quarter worth $44,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at $44,000. Opal Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent in the 2nd quarter valued at $54,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 310 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors.

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.