Evercore ISI Issues Pessimistic Forecast for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its price objective reduced by Evercore ISI from $42.00 to $41.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target points to a potential upside of 11.29% from the stock’s previous close.

Several other analysts have also recently commented on the company. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $36.00 to $42.00 in a report on Monday, August 26th. StockNews.com downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Thursday, October 24th. Mizuho raised their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Royal Bank of Canada increased their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock traded down $0.96 on Wednesday, hitting $36.84. The stock had a trading volume of 896,009 shares, compared to its average volume of 2,547,138. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 37.82, a P/E/G ratio of 3.10 and a beta of 0.76. American Homes 4 Rent has a 52-week low of $32.08 and a 52-week high of $41.41. The company’s 50 day moving average price is $38.84 and its 200 day moving average price is $37.28. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share 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 analyst estimates of $443.81 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, research analysts anticipate that American Homes 4 Rent will post 1.76 EPS for the current year.

Institutional Trading of American Homes 4 Rent

Institutional investors and hedge funds have recently bought and sold shares of the business. Maryland Capital Advisors Inc. acquired a new stake in shares of American Homes 4 Rent during the third quarter valued at about $25,000. UMB Bank n.a. raised its stake in American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 604 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Wetzel Investment Advisors Inc. bought a new stake in American Homes 4 Rent in the second quarter valued at $44,000. Finally, Catalyst Capital Advisors LLC acquired a new position in American Homes 4 Rent during the 3rd quarter valued at about $53,000. Institutional investors and hedge funds 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.