American Homes 4 Rent (NYSE:AMH) Price Target Raised to $43.00 at JPMorgan Chase & Co.

American Homes 4 Rent (NYSE:AMH) had its target price lifted by research analysts at JPMorgan Chase & Co. from $38.00 to $43.00 in a report released on Monday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 4.95% from the stock’s current price.

Other analysts have also recently issued reports about the company. Royal Bank of Canada increased their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Evercore ISI increased their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Scotiabank restated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Finally, The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.53.

American Homes 4 Rent Trading Down 0.4 %

Shares of AMH traded down $0.15 during midday trading on Monday, hitting $40.97. 72,759 shares of the stock were exchanged, compared to its average volume of 2,640,114. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $41.41. The stock has a fifty day simple moving average of $37.94 and a 200 day simple moving average of $36.80. The firm has a market cap of $15.02 billion, a P/E ratio of 41.81, a P/E/G ratio of 3.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, research analysts anticipate that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMH. V Square Quantitative Management LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. acquired a new position in shares of American Homes 4 Rent during the 2nd quarter worth $44,000. Opal Wealth Advisors LLC purchased a new position in American Homes 4 Rent in the second quarter valued at about $54,000. GAMMA Investing LLC boosted its stake in shares of American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 302 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 310 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.