American Homes 4 Rent (NYSE:AMH) Price Target Cut to $39.00 by Analysts at Royal Bank of Canada

American Homes 4 Rent (NYSE:AMH) had its price objective reduced by Royal Bank of Canada from $40.00 to $39.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price suggests a potential upside of 10.92% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Barclays cut their price target on American Homes 4 Rent from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 24th. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $41.00 to $42.00 in a report on Monday, November 11th. Keefe, Bruyette & Woods cut their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Finally, Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price target on the stock. in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.47.

American Homes 4 Rent Stock Up 0.1 %

AMH traded up $0.02 during trading on Monday, reaching $35.16. 335,894 shares of the stock were exchanged, compared to its average volume of 2,208,629. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The stock’s 50 day moving average price is $35.73 and its two-hundred day moving average price is $37.36. American Homes 4 Rent has a twelve month low of $34.01 and a twelve month high of $41.41. The stock has a market cap of $12.99 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 3.61 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.30. The company had revenue of $436.59 million for the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.35%. Equities analysts expect that American Homes 4 Rent will post 1.86 EPS for the current year.

Insider Activity

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 3,286 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the purchase, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in American Homes 4 Rent by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock valued at $1,681,984,000 after buying an additional 240,583 shares in the last quarter. Norges Bank bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at $822,019,000. Principal Financial Group Inc. boosted its holdings in shares of American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock valued at $598,232,000 after acquiring an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. grew its position in American Homes 4 Rent by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock worth $516,591,000 after acquiring an additional 689,741 shares during the last quarter. Finally, FMR LLC grew its position in American Homes 4 Rent by 9.2% during the 4th quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust’s stock worth $336,157,000 after acquiring an additional 757,772 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

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.