JMP Securities Reaffirms “Market Outperform” Rating for American Homes 4 Rent (NYSE:AMH)

American Homes 4 Rent (NYSE:AMH)‘s stock had its “market outperform” rating restated by research analysts at JMP Securities in a report released on Tuesday,Benzinga reports. They presently have a $41.00 target price on the real estate investment trust’s stock. JMP Securities’ price objective would suggest a potential upside of 18.98% from the company’s current price.

A number of other research firms have also recently commented on AMH. Mizuho increased their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lowered their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Finally, Barclays started coverage on shares of American Homes 4 Rent in a report on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.40.

American Homes 4 Rent Stock Down 2.2 %

NYSE:AMH opened at $34.46 on Tuesday. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The firm’s 50-day moving average price is $37.12 and its 200-day moving average price is $37.66. The company has a market capitalization of $12.73 billion, a PE ratio of 35.90, a P/E/G ratio of 3.33 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same period last year, the business earned $0.41 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Douglas N. Benham bought 3,286 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the transaction, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 6.32% of the company’s stock.

Institutional Trading of American Homes 4 Rent

Institutional investors have recently added to or reduced their stakes in the company. Merit Financial Group LLC bought a new stake in shares of American Homes 4 Rent during the 4th quarter worth approximately $206,000. Everence Capital Management Inc. bought a new position in shares of American Homes 4 Rent in the fourth quarter worth about $323,000. GAMMA Investing LLC increased its stake in American Homes 4 Rent by 14.0% in the 4th quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 503 shares during the period. JPMorgan Chase & Co. lifted its holdings in American Homes 4 Rent by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,115,483 shares of the real estate investment trust’s stock valued at $503,503,000 after buying an additional 214,242 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in shares of American Homes 4 Rent by 2.0% in the third quarter. Retirement Systems of Alabama now owns 797,615 shares of the real estate investment trust’s stock valued at $30,620,000 after acquiring an additional 15,931 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

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.