By otakuyassine3@gmail.com 
American Homes 4 Rent (NYSE:AMH – Get Free Report) had its target price hoisted by investment analysts at Barclays from $37.00 to $38.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 9.82% from the stock’s current price.
AMH has been the subject of several other research reports. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price for the company. in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $37.00 in a research note on Tuesday, January 21st. Morgan Stanley upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.33.
Check Out Our Latest Stock Analysis on AMH
American Homes 4 Rent Stock Performance
AMH opened at $34.60 on Wednesday. The company has a market cap of $12.81 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 3.56 and a beta of 0.77. The stock has a 50-day moving average of $35.48 and a 200-day moving average of $37.15. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.76.
American Homes 4 Rent (NYSE:AMH – Get Free Report) last announced its earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.
Hedge Funds Weigh In On American Homes 4 Rent
A number of hedge funds have recently modified their holdings of the stock. Siemens Fonds Invest GmbH acquired a new position in shares of American Homes 4 Rent in the 4th quarter worth approximately $932,000. Brooklyn FI LLC acquired a new position in shares of American Homes 4 Rent in the 4th quarter worth approximately $311,000. Employees Retirement System of Texas raised its holdings in shares of American Homes 4 Rent by 24.8% in the 4th quarter. Employees Retirement System of Texas now owns 275,565 shares of the real estate investment trust’s stock worth $10,312,000 after buying an additional 54,704 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in shares of American Homes 4 Rent by 3.1% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 39,998 shares of the real estate investment trust’s stock worth $1,497,000 after buying an additional 1,189 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of American Homes 4 Rent by 6.8% in the 4th quarter. Toronto Dominion Bank now owns 44,224 shares of the real estate investment trust’s stock worth $1,655,000 after buying an additional 2,814 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.
About American Homes 4 Rent
American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.
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