American Homes 4 Rent (NYSE:AMH) Price Target Raised to $43.00

American Homes 4 Rent (NYSE:AMH) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $38.00 to $43.00 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 4.95% from the company’s previous close.

Several other brokerages also recently weighed in on AMH. UBS Group boosted their price target 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. Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price objective for the company. Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Finally, StockNews.com upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, August 10th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.53.

American Homes 4 Rent Price Performance

AMH stock traded down $0.15 on Monday, reaching $40.97. The company had a trading volume of 72,759 shares, compared to its average volume of 2,640,114. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The company’s fifty day moving average is $37.94 and its 200 day moving average is $36.80. The company has a market cap of $15.02 billion, a P/E ratio of 41.81, a PEG ratio of 3.35 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results 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). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. During the same period in the previous year, the company posted $0.41 EPS. American Homes 4 Rent’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current year.

Institutional Investors Weigh In On American Homes 4 Rent

Several large investors have recently made changes to their positions in AMH. Texas Permanent School Fund Corp acquired a new position in shares of American Homes 4 Rent during the first quarter valued at approximately $10,238,000. Mutual of America Capital Management LLC acquired a new position in shares of American Homes 4 Rent during the first quarter valued at approximately $6,970,000. Los Angeles Capital Management LLC acquired a new position in shares of American Homes 4 Rent during the first quarter valued at approximately $5,711,000. Wells Fargo & Company MN increased its stake in shares of American Homes 4 Rent by 67.6% during the fourth quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock valued at $29,513,000 after acquiring an additional 331,168 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of American Homes 4 Rent during the first quarter valued at approximately $524,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

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.