American Homes 4 Rent (NYSE:AMH) Earns “Market Outperform” Rating from JMP Securities

American Homes 4 Rent (NYSE:AMH)‘s stock had its “market outperform” rating restated by analysts at JMP Securities in a note issued to investors on Wednesday,Benzinga reports. They currently have a $41.00 target price on the real estate investment trust’s stock. JMP Securities’ price target would indicate a potential upside of 8.07% from the stock’s previous close.

Several other research firms have also recently weighed in on AMH. JPMorgan Chase & Co. upped their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $42.00 in a report on Monday, November 11th. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. Finally, The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $41.56.

American Homes 4 Rent Stock Up 0.5 %

Shares of NYSE:AMH opened at $37.94 on Wednesday. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 3.29 and a beta of 0.78. American Homes 4 Rent has a one year low of $33.75 and a one year high of $41.41. The firm has a fifty day moving average price of $37.54 and a two-hundred day moving average price of $37.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The business had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. Analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,286 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now directly owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. This represents a 24.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.32% of the company’s stock.

Institutional Trading of American Homes 4 Rent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMH. Retirement Systems of Alabama raised its holdings in American Homes 4 Rent by 2.0% in the 3rd quarter. Retirement Systems of Alabama now owns 797,615 shares of the real estate investment trust’s stock worth $30,620,000 after purchasing an additional 15,931 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of American Homes 4 Rent by 39.4% during the 3rd quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust’s stock valued at $632,000 after purchasing an additional 4,649 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of American Homes 4 Rent during the third quarter valued at about $762,000. TCW Group Inc. bought a new position in American Homes 4 Rent in the third quarter worth about $962,000. Finally, Toronto Dominion Bank lifted its holdings in American Homes 4 Rent by 31.4% in the third quarter. Toronto Dominion Bank now owns 41,410 shares of the real estate investment trust’s stock worth $1,590,000 after buying an additional 9,899 shares during the period. 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.