American Homes 4 Rent (NYSE:AMH) Stock Price Target Raised at Royal Bank Of Canada

American Homes 4 Rent (NYSE:AMH) had its target price hoisted by Royal Bank Of Canada from $35.00 to $36.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada‘s price target indicates a potential upside of 10.16% from the stock’s current price.

Several other brokerages also recently weighed in on AMH. JPMorgan Chase & Co. upped their target price on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Citigroup reiterated a “market outperform” rating on shares of American Homes 4 Rent in a report on Wednesday, August 5th. Keefe, Bruyette & Woods upped their price objective on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, UBS Group decreased their price objective on shares of American Homes 4 Rent from $35.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

American Homes 4 Rent Stock Down 1.2%

NYSE AMH traded down $0.41 on Friday, reaching $32.68. The company had a trading volume of 612,473 shares, compared to its average volume of 3,202,767. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $35.07. The firm has a 50-day moving average of $31.48 and a 200-day moving average of $31.62. The firm has a market capitalization of $11.78 billion, a PE ratio of 26.81, a P/E/G ratio of 4.98 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.32. The company had revenue of $498.07 million for the quarter, compared to analyst estimates of $488.73 million. American Homes 4 Rent had a net margin of 24.17% and a return on equity of 6.03%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jack Corrigan bought 8,000 shares of the stock in a transaction on Friday, September 11th. The shares were purchased at an average price of $21.49 per share, with a total value of $171,920.00. Following the purchase, the director owned 25,000 shares in the company, valued at approximately $537,250. This represents a 47.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 15,000 shares of company stock valued at $328,040 over the last three months. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of American Homes 4 Rent by 19.8% in the 1st quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock worth $528,736,000 after buying an additional 3,126,434 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its position in shares of American Homes 4 Rent by 18.9% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 3,633,873 shares of the real estate investment trust’s stock valued at $101,458,000 after purchasing an additional 577,750 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of American Homes 4 Rent by 83.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,544,892 shares of the real estate investment trust’s stock valued at $98,973,000 after purchasing an additional 1,608,934 shares in the last quarter. CI Investments Inc. boosted its position in shares of American Homes 4 Rent by 20.1% during the 1st quarter. CI Investments Inc. now owns 2,959,426 shares of the real estate investment trust’s stock valued at $82,627,000 after purchasing an additional 496,037 shares in the last quarter. Finally, Aew Capital Management Inc. acquired a new position in shares of American Homes 4 Rent in the 3rd quarter worth approximately $45,161,000. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.