American Homes 4 Rent (AMH) Rating Increased to Outperform at Evercore ISI

American Homes 4 Rent (NYSE:AMH) was upgraded by stock analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued on Monday. The firm presently has a $24.50 price target on the real estate investment trust’s stock. Evercore ISI’s price objective points to a potential upside of 14.92% from the stock’s current price.

AMH has been the topic of a number of other reports. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. FBR & Co reaffirmed a “buy” rating and set a $26.00 target price on shares of American Homes 4 Rent in a research report on Friday, September 29th. BTIG Research assumed coverage on American Homes 4 Rent in a research report on Monday, October 9th. They set a “buy” rating and a $26.00 target price on the stock. Finally, Citigroup assumed coverage on American Homes 4 Rent in a research report on Friday, October 20th. They set a “buy” rating and a $25.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $25.13.

American Homes 4 Rent (AMH) opened at $21.32 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. American Homes 4 Rent has a 52-week low of $19.62 and a 52-week high of $23.98. The company has a market capitalization of $6,190.67, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.82 and a beta of 0.68.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The business had revenue of $246.80 million for the quarter, compared to analyst estimates of $247.96 million. During the same period in the previous year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. equities research analysts anticipate that American Homes 4 Rent will post 1.03 EPS for the current fiscal year.

In other news, Director B Wayne Et Al Hughes acquired 101,678 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average cost of $21.87 per share, with a total value of $2,223,697.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders purchased 1,766,855 shares of company stock valued at $38,597,023. 27.82% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in AMH. PNC Financial Services Group Inc. increased its holdings in American Homes 4 Rent by 5.1% in the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock valued at $128,000 after buying an additional 278 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in American Homes 4 Rent by 35.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 1,848 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in American Homes 4 Rent by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 515 shares during the last quarter. CIBC Asset Management Inc bought a new stake in American Homes 4 Rent in the third quarter valued at about $202,000. Finally, QCM Cayman Ltd. bought a new stake in American Homes 4 Rent in the second quarter valued at about $203,000. 88.22% of the stock is owned by hedge funds and other institutional investors.

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American Homes 4 Rent Company Profile

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

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