Evercore ISI Has Lowered Expectations for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its target price reduced by stock analysts at Evercore ISI from $42.00 to $41.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target points to a potential upside of 16.31% from the stock’s current price.

AMH has been the subject of several other research reports. Royal Bank of Canada boosted their price objective 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 cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $36.00 to $42.00 in a research report on Monday, August 26th. The Goldman Sachs Group initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target for the company. Finally, UBS Group raised their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Trading Down 4.0 %

Shares of AMH stock opened at $35.25 on Wednesday. American Homes 4 Rent has a 12 month low of $32.08 and a 12 month high of $41.41. The company has a market cap of $12.92 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $38.81 and its two-hundred day moving average is $37.28.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. Equities analysts predict that American Homes 4 Rent will post 1.76 EPS for the current year.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in American Homes 4 Rent by 2.5% during the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after buying an additional 1,094,714 shares during the last quarter. PGGM Investments bought a new stake in American Homes 4 Rent during the 1st quarter worth approximately $32,199,000. Price T Rowe Associates Inc. MD increased its holdings in American Homes 4 Rent by 6.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock valued at $324,798,000 after purchasing an additional 507,307 shares in the last quarter. Marshall Wace LLP bought a new position in American Homes 4 Rent in the 2nd quarter valued at $17,367,000. Finally, American International Group Inc. boosted its stake in American Homes 4 Rent by 15,281.0% in the first quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust’s stock worth $15,489,000 after purchasing an additional 418,393 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.