American Homes 4 Rent (NYSE:AMH) Earns Market Outperform Rating from JMP Securities

American Homes 4 Rent (NYSE:AMH)‘s stock had its “market outperform” rating reissued by investment analysts at JMP Securities in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $41.00 target price on the real estate investment trust’s stock. JMP Securities’ target price would suggest a potential upside of 8.29% from the stock’s current price.

AMH has been the topic of a number of other research reports. Mizuho raised their target price on shares of 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. Keefe, Bruyette & Woods dropped their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target for the company. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $36.00 to $42.00 in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.56.

American Homes 4 Rent Trading Up 0.8 %

Shares of NYSE:AMH traded up $0.29 on Wednesday, hitting $37.86. The company had a trading volume of 1,011,682 shares, compared to its average volume of 2,518,129. The firm’s 50-day simple moving average is $37.55 and its two-hundred day simple moving average is $37.56. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 39.45, a P/E/G ratio of 3.29 and a beta of 0.78. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data 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). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. During the same period last year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Douglas N. Benham bought 3,286 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought at an average price of $24.49 per share, with a total value of $80,474.14. Following the completion of the purchase, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.05% of the stock is owned by insiders.

Institutional Trading of American Homes 4 Rent

Several institutional investors have recently modified their holdings of the company. Maryland Capital Advisors Inc. bought a new position in shares of American Homes 4 Rent in the 3rd quarter valued at about $25,000. UMB Bank n.a. raised its holdings in shares of 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 valued at $30,000 after purchasing an additional 604 shares during the period. V Square Quantitative Management LLC acquired a new stake in American Homes 4 Rent in the 2nd quarter valued at $32,000. Assetmark Inc. increased its position in shares of American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of American Homes 4 Rent in the second quarter worth approximately $44,000. 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.