1 day Ago By Defense World Staff
American Homes 4 Rent (NYSE:AMH – Get Free Report) had its price target lowered by Raymond James from $44.00 to $39.00 in a research note issued on Friday,Benzinga reports.
The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price objective points to a potential upside of 10.89% from the company’s current price.
Other analysts also recently issued reports about the stock. Scotiabank downgraded 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 report on Thursday, January 23rd. Barclays boosted their target price on American Homes 4 Rent from $37.00 to $38.
00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $37.
00 in a research note on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and issued a $41.00 price objective on shares of American Homes 4 Rent in a research note on Tuesday, January 14th.
Finally, Royal Bank of Canada decreased their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research note on Monday, February 24th.
One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent has an average rating of “Hold” and a consensus price target of $40.14.
Read Our Latest Stock Analysis on American Homes 4 RentAmerican Homes 4 Rent Stock PerformanceShares of AMH stock opened at $35.17 on Friday. American Homes 4 Rent has a 12-month low of $31.
68 and a 12-month high of $41.41. The company has a debt-to-equity ratio of 0.
64, a current ratio of 0.76 and a quick ratio of 0.58.
The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 3.
56 and a beta of 0.73. The business has a 50 day simple moving average of $35.
82 and a 200 day simple moving average of $36.54. American Homes 4 Rent (NYSE:AMH – Get Free Report) last released its quarterly earnings results on Thursday, February 20th.
The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.
30. The company had revenue of $436.59 million during the quarter, compared to analysts’ expectations of $442.
02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.
86%. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.
Institutional Investors Weigh In On American Homes 4 RentSeveral hedge funds have recently made changes to their positions in AMH. Norges Bank purchased a new position in American Homes 4 Rent during the 4th quarter worth approximately $822,019,000. Invesco Ltd.
grew its holdings in shares of American Homes 4 Rent by 186.2% during the fourth quarter. Invesco Ltd.
now owns 6,292,773 shares of the real estate investment trust’s stock valued at $235,476,000 after buying an additional 4,094,177 shares in the last quarter. Wellington Management Group LLP raised its position in American Homes 4 Rent by 96.2% during the fourth quarter.
Wellington Management Group LLP now owns 3,191,092 shares of the real estate investment trust’s stock valued at $119,411,000 after buying an additional 1,564,994 shares during the period. Alyeska Investment Group L.P.
lifted its stake in American Homes 4 Rent by 185.2% in the 4th quarter. Alyeska Investment Group L.
P. now owns 1,989,260 shares of the real estate investment trust’s stock worth $74,438,000 after acquiring an additional 1,291,865 shares in the last quarter. Finally, Northern Trust Corp boosted its position in American Homes 4 Rent by 40.
1% during the 4th quarter. Northern Trust Corp now owns 4,183,541 shares of the real estate investment trust’s stock worth $156,548,000 after acquiring an additional 1,198,471 shares during the period. Hedge funds and other institutional investors own 91.
87% of the company’s stock. American Homes 4 Rent Company Profile (Get Free Report)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. See AlsoFive stocks we like better than American Homes 4 RentWhat Are Dividend Contenders? Investing in Dividend ContendersRobinhood Strategies Could Be a Game-Changer for Young Investors5 Top Rated Dividend Stocks to ConsiderAre These 3 Retail Stocks Oversold or Really in Trouble?Investing in Travel Stocks BenefitsIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
