American Homes 4 Rent (NYSE:AMH) Given New $42.00 Price Target at Evercore ISI

American Homes 4 Rent (NYSE:AMH) had its price target increased by stock analysts at Evercore ISI from $41.00 to $42.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective would indicate a potential upside of 4.24% from the stock’s previous close.

Several other analysts also recently issued reports on AMH. Scotiabank reaffirmed an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Royal Bank of Canada upped their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Trading Down 1.6 %

Shares of NYSE:AMH opened at $40.29 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $14.76 billion, a PE ratio of 41.70, a P/E/G ratio of 3.35 and a beta of 0.76. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.41. The firm has a fifty day moving average price of $38.01 and a 200 day moving average price of $36.83.

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

Hedge Funds Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 302 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of American Homes 4 Rent by 24.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 310 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of American Homes 4 Rent by 12.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 314 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of American Homes 4 Rent by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 357 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in American Homes 4 Rent by 15.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 369 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

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.