JPMorgan Chase & Co. Boosts American Homes 4 Rent (NYSE:AMH) Price Target to $43.00

American Homes 4 Rent (NYSE:AMH) had its target price lifted by JPMorgan Chase & Co. from $38.00 to $43.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 6.73% from the company’s current price.

Several other research analysts also recently commented on the company. Scotiabank reissued an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. The Goldman Sachs Group began coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price for the company. UBS Group boosted their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Barclays lowered their target price on American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Finally, Evercore ISI upped their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Trading Down 1.6 %

AMH opened at $40.29 on Monday. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The company has a 50-day simple moving average of $38.01 and a 200 day simple moving average of $36.83. 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 stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.18). The firm had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. Analysts predict that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

Institutional Trading of American Homes 4 Rent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMH. Cohen & Steers Inc. increased its position in American Homes 4 Rent by 41.0% during the 4th quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock valued at $318,755,000 after purchasing an additional 2,575,854 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of American Homes 4 Rent by 180.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock worth $93,848,000 after buying an additional 1,679,846 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of American Homes 4 Rent by 80.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock worth $127,263,000 after buying an additional 1,574,295 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of American Homes 4 Rent by 2.5% during the 1st 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 in the last quarter. Finally, PGGM Investments bought a new position in shares of American Homes 4 Rent during the 1st quarter worth approximately $32,199,000. 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.