American Homes 4 Rent (NYSE:AMH – Earn Ratings) The price objective was reduced by equities research analysts at Barclays from $49.00 to $44.00 in a report released on Tuesday, The Flea reports. Barclays’ target price suggests a potential upside of 21.68% for the stock.
Several other brokerages also recently commented on AMH. 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 research report on Thursday, June 23rd. Raymond James restated a “strong-buy” rating and issued a $45.00 price target (down previously from $48.00) on American Homes 4 Rent in a research note on Thursday, June 23rd. Mizuho decreased their price objective on shares of American Homes 4 Rent from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, July 6th. Oppenheimer assumed coverage on shares of American Homes 4 Rent in a report on Monday, July 18th. They set a “market perform” rating and a $35.00 target price for the company. Finally, BMO Capital Markets began coverage on shares of US Homes 4 Rentals in a research note on Thursday, April 14th. They have set an “outperform” rating and a $46.00 target price for the company. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $42.44, according to MarketBeat .
American Homes 4 Rental Business Discount 0.6%
Shares of AMH opened at $36.16 on Tuesday. The stock has a fifty day moving average of $35.89 and a two hundred day moving average of $38.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.64, and a current ratio of 0.64. The company has a market capitalization of $12.59 billion, a PE ratio of 76.94, a price-to-earnings-growth ratio of 2.99 and a beta of 0.58. American Homes 4 Rent has a fifty-two week low of $32.60 and a fifty-two week high of $44.07.
American Homes 4 Rent (NYSE:AMH – Get Rating ) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $356.11 million for the quarter, compared to the consensus estimate of $355.76 million. American Homes 4 had a return on equity of 3.05% and a net margin of 13.74%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.32. As a group, analysts predict that American Homes 4 Rentals will post 1.56 EPS for the current year.
Insider activity in American homes 4 rentals
In other news, Director Tamara Hughes Gustavson bought 200,000 shares of American Homes 4 Rentals stock in a transaction dated Thursday, May 12th. The shares were purchased at an average price of $35.71 per share, for a total value of $7,142,000.00. Following the completion of the acquisition, the director currently owns 8,830,956 shares in the company, valued at approximately $315,353,438.76. The acquisition was disclosed in a document filed with the SEC at this hyperlink. Insiders have acquired 200,706 shares of company stock valued at $7,161,700 over the last 90 days. 6.03% of shares are owned by corporate insiders.
Institutional flows and exits
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Long Pond Capital LP raised its position in American Homes 4 Rentals by 7.4% during the 4th quarter. Long Pond Capital LP now owns 4,124,975 shares of the real estate investment trust’s stock worth $179,890,000 after buying an additional 282,791 shares during the last quarter. BOKF NA raised its holdings in shares of American Homes 4 Rent by 134.8% during the 4th quarter. BOKF NA now owns 88,930 shares of the real estate investment trust’s stock valued at $3,878,000 after acquiring an additional 51,050 shares during the period. Raymond James Financial Services Consultants Inc. raised its holdings in shares of American Homes 4 Rent by 14.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 65,728 shares of the real estate investment trust’s stock valued at $2,866,000 after acquiring an additional 8,515 shares during the period. M&T Bank Corp boosted its holdings in shares of American Homes 4 Rent by 15.5% during the 4th quarter. M&T Bank Corp now owns 29,114 shares of the real estate investment trust’s stock worth $1,269,000 after acquiring an additional 3,916 shares during the period. Finally, First Eagle Investment Management LLC bought a new stake in American Homes 4 Rent during the 4th quarter valued at about $215,000. 88.49% of the shares are currently owned by institutional investors.
4 rent about American homes
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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.
Further reading
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