American Homes 4 Rent (NYSE:AMH – Earn Ratings) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report on Thursday.
Several other analysts have also recently weighed in on AMH. Evercore ISI boosted their price target on US Homes 4 Rent to $39.00 in a report on Monday, August 15th. Jefferies Financial Group dropped their target price on US Homes 4 Rent from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Credit Suisse Group decreased their price target on US Homes 4 Rent from $44.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Raymond James restated a “strong-buy” rating and issued a $45.00 price objective (down from $48.00) on shares of American Homes 4 Rentals in a research note on Thursday, June 23rd. Finally, Capital One Financial began coverage on American Homes 4 Rent in a research note on Friday, July 8th. They issued an “overweight” rating and a $43.00 target price for the company. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Neutral Buy” and a consensus price target of $42.50.
U.S. Homes 4 Rental Stock 0.8%
Shares of American Homes 4 Rentals stock opened at $36.61 on Thursday. The stock has a market capitalization of $12.75 billion, a PE ratio of 64.23, a price-to-earnings-growth ratio of 3.37 and a beta of 0.58. The business has a fifty day simple moving average of $36.21 and a 200 day simple moving average of $37.79. American Homes 4 Rent has a 12 month low of $32.60 and a 12 month high of $44.07. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-equity ratio of 0.63.
American Homes 4 Rent (NYSE:AMH – Get Rating) last released its earnings results on Thursday, August 4th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.38 by $0.22. The company had revenue of $361.90 million for the quarter, compared to analyst estimates of $362.35 million. American Homes 4 Rentals had a net margin of 15.67% and a return on equity of 3.46%. American Homes 4’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. research analysts expect that US Homes 4 Rent will post 1.56 EPS for the current year.
Institutional flows and exits
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. Ellevest Inc. In the second quarter, America’s Homes 4 rental increased its position by 86.2%. Ellevest Inc. The now owns 728 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 337 shares during the period. UMB Bank NA MO purchased a new stake in shares of American Homes 4 Rent during the 1st quarter valued at $27,000. Arlington Partners LLC bought a new position in 27,000 US Homes 4 rentals during the second quarter. Charter Oak Capital Management LLC purchased a new position in shares of American Homes 4 Rentals during the 2nd quarter worth $31,000. Finally, Allworth Financial LP purchased a new position in shares of American Homes 4 Rentals during the 1st quarter worth $32,000. Institutional investors 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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