American Homes 4 Rent (NYSE:AMH) Given New $38.00 Price Target at Keefe, Bruyette & Woods

American Homes 4 Rent (NYSE:AMH) had its price objective lowered by equities research analysts at Keefe, Bruyette & Woods from $39.00 to $38.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 3.43% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada upped their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. UBS Group boosted their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Mizuho boosted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.53.

American Homes 4 Rent Price Performance

AMH stock opened at $36.74 on Wednesday. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $13.47 billion, a P/E ratio of 38.27, a price-to-earnings-growth ratio of 2.92 and a beta of 0.77. The firm has a 50 day moving average of $38.43 and a 200-day moving average of $37.29.

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

Hedge Funds Weigh In On American Homes 4 Rent

A number of hedge funds have recently modified their holdings of AMH. Vanguard Group Inc. increased its stake in American Homes 4 Rent by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after buying an additional 1,094,714 shares in the last quarter. PGGM Investments bought a new stake in American Homes 4 Rent in the first quarter worth $32,199,000. Price T Rowe Associates Inc. MD raised its stake in American Homes 4 Rent by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock valued at $324,798,000 after purchasing an additional 507,307 shares in the last quarter. Marshall Wace LLP bought a new position in American Homes 4 Rent during the second quarter valued at $17,367,000. Finally, American International Group Inc. lifted its position in American Homes 4 Rent by 15,281.0% during the first quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust’s stock valued at $15,489,000 after purchasing an additional 418,393 shares during the last quarter. 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.