Barclays Begins Coverage on American Homes 4 Rent (NYSE:AMH)

Investment analysts at Barclays started coverage on shares of American Homes 4 Rent (NYSE:AMH) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm set an “equal weight” rating and a $39.00 price target on the real estate investment trust’s stock. Barclays‘s price target points to a potential upside of 8.45% from the stock’s current price.

A number of other equities analysts also recently commented on AMH. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. lifted their target price on 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. JMP Securities reissued a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Wednesday, December 11th. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective for the company. Finally, Scotiabank reissued an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.38.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $35.96 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The business has a 50 day moving average price of $37.50 and a two-hundred day moving average price of $37.62. The firm has a market cap of $13.29 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78.

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

Insider Activity at American Homes 4 Rent

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its position in shares of American Homes 4 Rent by 2,150.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after purchasing an additional 1,849,020 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in American Homes 4 Rent by 783.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock worth $42,507,000 after buying an additional 981,872 shares in the last quarter. FMR LLC boosted its holdings in American Homes 4 Rent by 12.9% during the third quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock worth $315,780,000 after buying an additional 937,116 shares in the last quarter. Marshall Wace LLP acquired a new position in American Homes 4 Rent in the second quarter worth approximately $17,367,000. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of American Homes 4 Rent by 39.3% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust’s stock valued at $53,420,000 after buying an additional 405,468 shares in the last quarter. 91.87% of the stock is 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.