Evercore ISI Boosts American Homes 4 Rent (NYSE:AMH) Price Target to $39.00

American Homes 4 Rent (NYSE:AMHGet Free Report) had its price objective boosted by Evercore ISI from $38.00 to $39.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target indicates a potential upside of 4.56% from the stock’s current price.

A number of other research firms have also recently weighed in on AMH. Citigroup upgraded shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and raised their price target for the company from $37.00 to $41.00 in a report on Friday, March 22nd. JPMorgan Chase & Co. raised their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Scotiabank raised their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Keefe, Bruyette & Woods raised 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 report on Monday, May 13th. Finally, Mizuho increased their price objective on shares of American Homes 4 Rent from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.73.

Check Out Our Latest Stock Report on American Homes 4 Rent

American Homes 4 Rent Stock Up 0.2 %

Shares of American Homes 4 Rent stock opened at $37.30 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.59. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $37.97. The firm’s 50-day moving average is $36.31 and its two-hundred day moving average is $35.93. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 3.15 and a beta of 0.74.

American Homes 4 Rent (NYSE:AMHGet Free Report) last issued its earnings results on Friday, May 10th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). American Homes 4 Rent had a return on equity of 5.00% and a net margin of 22.55%. The business had revenue of $423.56 million for the quarter, compared to the consensus estimate of $421.28 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, research analysts expect that American Homes 4 Rent will post 1.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,500 shares of American Homes 4 Rent stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $23.00 per share, with a total value of $80,500.00. Following the transaction, the director now owns 37,997 shares of the company’s stock, valued at approximately $873,931. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Douglas N. Benham bought 3,500 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $23.00 per share, with a total value of $80,500.00. Following the acquisition, the director now directly owns 37,997 shares in the company, valued at $873,931. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jack E. Corrigan bought 10,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average cost of $22.78 per share, with a total value of $227,800.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $227,800. The disclosure for this purchase can be found here. 6.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC purchased a new position in shares of American Homes 4 Rent during the 1st quarter valued at approximately $6,970,000. Los Angeles Capital Management LLC acquired a new stake in American Homes 4 Rent in the 1st quarter valued at $5,711,000. Scissortail Wealth Management LLC acquired a new stake in American Homes 4 Rent in the 4th quarter valued at $801,000. Wells Fargo & Company MN grew its stake in American Homes 4 Rent by 67.6% in the 4th quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock valued at $29,513,000 after acquiring an additional 331,168 shares during the period. Finally, Manning & Napier Group LLC grew its stake in American Homes 4 Rent by 59.2% in the 4th quarter. Manning & Napier Group LLC now owns 172,372 shares of the real estate investment trust’s stock valued at $6,198,000 after acquiring an additional 64,131 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Company Profile

(Get Free Report)

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.

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Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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