American Homes 4 Rent (NYSE:AMH) Rating Increased to Hold at StockNews.com

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

A number of other equities analysts also recently commented on AMH. Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lifted their price target 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. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $36.00 to $42.00 in a research note on Monday, August 26th. Mizuho lifted their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Stock Up 0.7 %

Shares of NYSE AMH opened at $38.30 on Monday. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 3.25 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The stock’s 50-day simple moving average is $37.85 and its 200-day simple moving average is $37.44.

American Homes 4 Rent (NYSE:AMH) last announced 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 business had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. bought a new position in shares of American Homes 4 Rent in the third quarter valued at $25,000. UMB Bank n.a. boosted its holdings in American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in American Homes 4 Rent in the second quarter worth $32,000. Assetmark Inc. lifted its position in American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in American Homes 4 Rent during the 2nd quarter worth $44,000. 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.