Evercore ISI Boosts American Homes 4 Rent (NYSE:AMH) Price Target to $42.00

American Homes 4 Rent (NYSE:AMH) had its target price lifted by research analysts at Evercore ISI from $41.00 to $42.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target would indicate a potential upside of 2.59% from the company’s current price.

Several other research analysts also recently weighed in on AMH. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. UBS Group lifted their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Royal Bank of Canada raised their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, The Goldman Sachs Group began coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH traded down $0.18 on Monday, reaching $40.94. 94,696 shares of the company traded hands, compared to its average volume of 2,640,237. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $15.00 billion, a PE ratio of 41.81, a P/E/G ratio of 3.35 and a beta of 0.76. The company’s 50 day moving average is $37.94 and its 200-day moving average is $36.80. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its 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). The company had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. As a group, analysts anticipate that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Homes 4 Rent

A number of large investors have recently bought and sold shares of AMH. 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. Northwestern Mutual Wealth Management Co. boosted its stake in 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 valued at $59,000 after purchasing an additional 310 shares during the period. Advisors Asset Management Inc. grew its holdings in American Homes 4 Rent by 12.5% in 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 during the last quarter. Dynamic Advisor Solutions LLC increased its position in 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 worth $544,000 after buying an additional 357 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of American Homes 4 Rent by 15.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,763 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 369 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

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.