American Homes 4 Rent (NYSE:AMH) Raised to Hold at StockNews.com

American Homes 4 Rent (NYSE:AMH) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group began 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 on the stock. JPMorgan Chase & Co. upped their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Keefe, Bruyette & Woods cut their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Finally, Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Up 1.0 %

American Homes 4 Rent stock traded up $0.39 during trading hours on Monday, reaching $38.05. The stock had a trading volume of 3,772,700 shares, compared to its average volume of 2,543,874. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 3.25 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The business’s 50 day moving average price is $37.91 and its 200-day moving average price is $37.43.

American Homes 4 Rent (NYSE:AMH) last issued 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 business had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. During the same quarter in the previous year, the firm posted $0.41 EPS. American Homes 4 Rent’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current year.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of American Homes 4 Rent by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 2,816 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 314 shares in the last quarter. PEAK6 Investments LLC lifted its position in shares of American Homes 4 Rent by 250.3% during the 1st quarter. PEAK6 Investments LLC now owns 6,985 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 11,631 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of American Homes 4 Rent during the 1st quarter valued at approximately $1,826,000. Swedbank AB purchased a new position in shares of American Homes 4 Rent during the 1st quarter valued at approximately $12,873,000. Finally, Atria Investments Inc lifted its position in shares of American Homes 4 Rent by 0.7% during the 1st quarter. Atria Investments Inc now owns 72,066 shares of the real estate investment trust’s stock valued at $2,651,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

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.