American Homes 4 Rent (NYSE:AMH) Now Covered by The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group started coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research report issued on Wednesday, MarketBeat reports. The brokerage set a “buy” rating and a $48.00 price target on the real estate investment trust’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 20.77% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Royal Bank of Canada upped their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. UBS Group upped their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Finally, Barclays reduced their price objective on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.20.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $39.75 on Wednesday. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 40.56, a P/E/G ratio of 3.32 and a beta of 0.74. The firm has a fifty day moving average price of $37.61 and a 200 day moving average price of $36.57. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $40.21. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. During the same period last year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent during the second quarter valued at $32,000. Wetzel Investment Advisors Inc. acquired a new stake in American Homes 4 Rent during the 2nd quarter worth about $44,000. Opal Wealth Advisors LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at about $54,000. GAMMA Investing LLC increased its holdings in shares of American Homes 4 Rent by 24.1% in the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 302 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other 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.