American Homes 4 Rent (NYSE:AMH) Price Target Lowered to $39.00 at Barclays

American Homes 4 Rent (NYSE:AMH) had its price target trimmed by Barclays from $40.00 to $39.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

Several other analysts have also weighed in on AMH. Morgan Stanley upped their target price on American Homes 4 Rent from $39.00 to $40.50 and gave the company an “overweight” rating in a report on Thursday, May 22nd. Raymond James Financial increased their price objective on American Homes 4 Rent from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Scotiabank increased their price objective on American Homes 4 Rent from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Royal Bank Of Canada increased their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Finally, Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and an average price target of $40.97.

American Homes 4 Rent Stock Up 0.0%

American Homes 4 Rent stock opened at $34.24 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 2.89 and a beta of 0.72. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The stock’s fifty day moving average is $35.91 and its two-hundred day moving average is $36.26.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $457.50 million for the quarter, compared to analyst estimates of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. American Homes 4 Rent’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 4,000 shares of the firm’s stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of $22.93 per share, with a total value of $91,720.00. Following the purchase, the director owned 15,000 shares in the company, valued at approximately $343,950. This represents a 36.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.01% of the company’s stock.

Institutional Trading of American Homes 4 Rent

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of American Homes 4 Rent by 15.2% in the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock worth $601,169,000 after purchasing an additional 2,094,497 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of American Homes 4 Rent by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,721,356 shares of the real estate investment trust’s stock worth $326,355,000 after purchasing an additional 675,077 shares during the period. Geode Capital Management LLC raised its holdings in shares of American Homes 4 Rent by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock worth $250,566,000 after purchasing an additional 31,179 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of American Homes 4 Rent by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,935,152 shares of the real estate investment trust’s stock worth $184,670,000 after purchasing an additional 28,381 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of American Homes 4 Rent by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,421,478 shares of the real estate investment trust’s stock worth $159,483,000 after purchasing an additional 54,618 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Company Profile

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.