American Homes 4 Rent (NYSE:AMH – Earn Ratings) Equities researchers at Evercore ISI increased their price objective to $39.00 in a research note on Tuesday, Stock Target Advisor reported. Evercore ISI’s target price indicates a potential upside of 5.15% from the company’s current price.
Other analysts have also recently issued reports on the stock. Credit Suisse Group dropped their price objective on American Homes 4 Rent from $44.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, June 23rd. B. Riley reduced their price target on shares of American Homes 4 Rentals from $47.00 to $43.00 in a research report on Wednesday, May 11th. Capital One Financial started coverage on shares of US Homes 4 Rent in a research report on Friday, July 8th. They set an “overweight” rating and a $43.00 target price for the company. Oppenheimer started coverage on shares of American Homes 4 Rentals in a research report on Monday, July 18th. They set a “market perform” rating and a $35.00 price target for the company. Finally, StockNews.com raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. American Homes 4 Rent currently has a consensus rating of “Neutral Buy” and a consensus price target of $42.68, according to data from MarketBeat.com.
US Homes 4 Rental Business 0.1%
AMH traded up $0.04 during trading on Tuesday, reaching $37.09. The company’s stock had a trading volume of 66,742 shares, compared to its average volume of 2,024,178. American Homes 4 Rent has a twelve month low of $32.60 and a twelve month high of $44.07. The company’s 50-day moving average is $35.85 and its 200-day moving average is $37.86. The stock has a market cap of $12.92 billion, a PE ratio of 64.83, a PEG ratio of 3.04 and a beta of 0.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.64, and a quick ratio of 0.64.
American Homes 4 Rent (NYSE:AMH – Get Rating ) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.22). American Homes 4 Rentals had a net margin of 15.67% and a return on equity of 3.48%. The company had revenue of $361.90 million for the quarter, compared to analysts’ expectations of $362.35 million. During the same period last year, the company earned $0.33 per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts expect that US Homes 4 Rent will post 1.56 earnings per share for the current year.
Insider activity in American homes 4 rentals
In other news, Director Tamara Hughes Gustavson acquired 200,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $35.71 per share, with a total transaction of $7,142,000.00. After the acquisition, the director currently owns 8,830,956 shares in the company at a value of 315,353,438.76. The transaction was disclosed in a document filed with the SEC at this hyperlink. Over the last 90 days, insiders bought 200,706 shares of company stock worth $7,161,700. 6.03% of the shares are currently owned by company insiders.
Institutional flows and exits
Institutional investors and hedge funds recently made changes to their positions in the stock. Ellevest Inc. In the second quarter, America’s Homes 4 rents increased by 86.2 percent. Elevest Inc. now owns 728 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 337 shares during the last quarter. UMB Bank NA MO acquired a new position in shares of American Homes 4 Rent worth about $27,000. Arlington Partners LLC acquired a new position in shares of 27,000 US Homes 4 Rentals during the second quarter. Charter Oak Capital Management LLC acquired a new position in shares of 31,000 US Homes 4 Rent during the second quarter. Finally, Allworth Financial LP acquired a new stake in American Homes 4 Rent during the first quarter worth $32,000. Institutional investors and hedge funds own 88.49 percent of the company.
4 rent about American homes
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family rental industry and “American Homes 4 Rent” is becoming a nationally recognized brand for rental homes known for high quality, great value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing and operating attractive single-family homes as rental properties.
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