American Homes 4 Rent (NYSE:AMH) Price Target Lowered to $41.00 at Evercore ISI

American Homes 4 Rent (NYSE:AMH) had its target price lowered by investment analysts at Evercore ISI from $42.00 to $41.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective indicates a potential upside of 11.29% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target for the company. Royal Bank of Canada increased their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Scotiabank reiterated an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Price Performance

Shares of AMH traded down $0.96 during trading hours on Wednesday, hitting $36.84. 896,009 shares of the company were exchanged, compared to its average volume of 2,547,138. The firm has a fifty day simple moving average of $38.84 and a 200-day simple moving average of $37.28. The company has a market capitalization of $13.50 billion, a PE ratio of 37.82, a PEG ratio of 3.10 and a beta of 0.76. American Homes 4 Rent has a one year low of $32.08 and a one year high of $41.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54.

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 for the quarter, missing the consensus estimate of $0.43 by ($0.23). The firm had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, sell-side analysts predict that American Homes 4 Rent will post 1.76 earnings per share for the current year.

Hedge Funds Weigh In On American Homes 4 Rent

Several large investors have recently bought and sold shares of AMH. V Square Quantitative Management LLC increased its holdings in shares of American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 275 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of American Homes 4 Rent by 24.3% during the second 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 during the period. Advisors Asset Management Inc. lifted its position in American Homes 4 Rent by 12.5% in the first 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 period. Creative Planning boosted its stake in American Homes 4 Rent by 2.4% during the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 330 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of American Homes 4 Rent by 2.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 14,639 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 357 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.