American Homes 4 Rent (AMH) Receives $25.38 Consensus Price Target from Analysts

Shares of American Homes 4 Rent (NYSE:AMH) have received an average rating of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $25.38.

Several research firms recently issued reports on AMH. B. Riley set a $26.00 price target on shares of American Homes 4 Rent and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. raised shares of American Homes 4 Rent from a “neutral” rating to an “overweight” rating and set a $26.00 price target on the stock in a report on Friday, December 15th. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating in a report on Thursday, December 7th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and set a $24.50 price target on the stock in a report on Monday, December 4th. Finally, TheStreet cut shares of American Homes 4 Rent from a “b-” rating to a “c+” rating in a report on Wednesday, January 10th.

American Homes 4 Rent (NYSE:AMH) traded up $0.03 on Tuesday, reaching $19.43. 316,937 shares of the company traded hands, compared to its average volume of 2,250,856. The firm has a market capitalization of $5,470.96, a PE ratio of -1,940.00, a PEG ratio of 1.41 and a beta of 0.58. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. American Homes 4 Rent has a 1 year low of $18.39 and a 1 year high of $23.98.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $242.80 million for the quarter, compared to analysts’ expectations of $244.81 million. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. sell-side analysts predict that American Homes 4 Rent will post 1.02 earnings per share for the current year.

In other American Homes 4 Rent news, Director B Wayne Et Al Hughes bought 802,745 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were bought at an average cost of $21.30 per share, with a total value of $17,098,468.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas N. Benham bought 2,005 shares of the company’s stock in a transaction on Friday, January 26th. The shares were acquired at an average cost of $24.80 per share, for a total transaction of $49,724.00. The disclosure for this purchase can be found here. Insiders have acquired 1,278,300 shares of company stock worth $27,237,993 over the last three months. 27.82% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. bought a new position in shares of American Homes 4 Rent during the fourth quarter worth about $109,000. PNC Financial Services Group Inc. grew its position in shares of American Homes 4 Rent by 5.1% during the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 278 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of American Homes 4 Rent by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 515 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of American Homes 4 Rent during the third quarter worth about $202,000. Finally, Magnetar Financial LLC bought a new position in shares of American Homes 4 Rent during the third quarter worth about $228,000. Institutional investors and hedge funds own 92.63% of the company’s stock.

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About American Homes 4 Rent

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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