StockNews.com Upgrades American Homes 4 Rent (NYSE:AMH) to Hold

American Homes 4 Rent (NYSE:AMH) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Several other research firms have also issued reports on AMH. JPMorgan Chase & Co. increased their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Scotiabank reaffirmed 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 initiated coverage on shares of American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Finally, UBS Group lifted their target price on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Stock Up 0.3 %

Shares of NYSE:AMH opened at $38.39 on Tuesday. American Homes 4 Rent has a 52-week low of $31.36 and a 52-week high of $41.41. The stock has a market cap of $14.06 billion, a P/E ratio of 39.17, a PEG ratio of 3.32 and a beta of 0.76. The business has a fifty day moving average of $38.58 and a two-hundred day moving average of $37.01. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The firm had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. 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 posted $0.41 EPS. On average, research analysts expect that American Homes 4 Rent will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Texas Permanent School Fund Corp purchased a new stake in American Homes 4 Rent in the first quarter valued at $10,238,000. Mutual of America Capital Management LLC acquired a new stake in shares of American Homes 4 Rent in the 1st quarter valued at about $6,970,000. Los Angeles Capital Management LLC purchased a new position in American Homes 4 Rent during the 1st quarter worth approximately $5,711,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in American Homes 4 Rent during the 1st quarter worth approximately $524,000. Finally, Vanguard Group Inc. increased its position in American Homes 4 Rent by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 44,578,702 shares of the real estate investment trust’s stock worth $1,603,050,000 after buying an additional 179,219 shares during the period. Institutional investors and hedge funds 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.