American Homes 4 Rent (NYSE:AMH) Raised to Hold at StockNews.com

American Homes 4 Rent (NYSE:AMH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

A number of other brokerages have also issued reports on AMH. The Goldman Sachs Group began coverage on shares of 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. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their target price for the company from $41.00 to $42.00 in a report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $36.00 to $42.00 in a report on Monday, August 26th. Finally, Royal Bank of Canada raised their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH traded up $0.39 during trading on Monday, hitting $38.05. The company’s stock had a trading volume of 3,772,700 shares, compared to its average volume of 2,543,874. The company has a 50-day moving average of $37.91 and a 200-day moving average of $37.43. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 39.64, a P/E/G ratio of 3.25 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the previous year, the business posted $0.41 EPS. American Homes 4 Rent’s revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current year.

Institutional Trading of American Homes 4 Rent

Institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC raised its holdings in shares of American Homes 4 Rent by 39.4% in the third quarter. Tidal Investments LLC now owns 16,457 shares of the real estate investment trust’s stock valued at $632,000 after acquiring an additional 4,649 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of American Homes 4 Rent in the third quarter valued at about $762,000. TCW Group Inc. bought a new position in American Homes 4 Rent in the third quarter worth about $962,000. Toronto Dominion Bank raised its holdings in American Homes 4 Rent by 31.4% in the third quarter. Toronto Dominion Bank now owns 41,410 shares of the real estate investment trust’s stock worth $1,590,000 after purchasing an additional 9,899 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new position in American Homes 4 Rent in the third quarter worth about $1,456,000. 91.87% of the stock is currently owned by institutional investors.

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.