American Homes 4 Rent (NYSE:AMH) Price Target Cut to $37.00 by Analysts at Barclays

American Homes 4 Rent (NYSE:AMH) had its price objective cut by investment analysts at Barclays from $39.00 to $37.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price objective would suggest a potential upside of 6.94% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Mizuho increased their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Scotiabank cut shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a research report on Thursday. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $39.00 to $40.00 in a report on Friday. Finally, Keefe, Bruyette & Woods cut their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $40.67.

American Homes 4 Rent Stock Performance

AMH opened at $34.60 on Friday. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The business’s 50-day simple moving average is $36.78 and its 200 day simple moving average is $37.55. The firm has a market capitalization of $12.78 billion, a PE ratio of 36.04, a PEG ratio of 2.93 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On American Homes 4 Rent

Several large investors have recently added to or reduced their stakes in AMH. Maryland Capital Advisors Inc. purchased a new position in American Homes 4 Rent in the 3rd quarter worth about $25,000. UMB Bank n.a. increased its position in shares of American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 604 shares during the period. Assetmark Inc. raised its stake in shares of American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of American Homes 4 Rent by 31.6% during the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 275 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the third quarter valued at approximately $53,000. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.