Credit Suisse Group Raises American Homes 4 Rent (NYSE:AMH) Price Target to $44.00

American Homes 4 Rent (NYSE:AMHGet Rating) had its price objective hoisted by equities researchers at Credit Suisse Group from $42.00 to $44.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Credit Suisse Group’s target price indicates a potential upside of 3.58% from the company’s current price.

A number of other equities research analysts have also commented on AMH. BMO Capital Markets assumed coverage on shares of American Homes 4 Rent in a report on Thursday, April 14th. They set an “outperform” rating and a $46.00 price objective on the stock. Mizuho increased their price target on shares of American Homes 4 Rent from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 25th. StockNews.com assumed coverage on American Homes 4 Rent in a report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley lowered their target price on American Homes 4 Rent from $43.50 to $41.00 and set an “equal weight” rating for the company in a research note on Friday, March 11th. Finally, JPMorgan Chase & Co. cut their price target on American Homes 4 Rent from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 22nd. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $45.28.

Shares of AMH opened at $42.48 on Monday. The company has a market capitalization of $14.79 billion, a P/E ratio of 106.20, a PEG ratio of 3.71 and a beta of 0.61. American Homes 4 Rent has a one year low of $35.48 and a one year high of $44.07. The business’s 50 day simple moving average is $39.61 and its 200-day simple moving average is $40.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.68.

American Homes 4 Rent (NYSE:AMHGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The firm had revenue of $338.09 million during the quarter, compared to the consensus estimate of $346.26 million. American Homes 4 Rent had a return on equity of 2.69% and a net margin of 12.84%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.56 EPS for the current fiscal year.

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 1,275 shares of the company’s stock in a transaction dated Tuesday, March 15th. The shares were bought at an average price of $25.41 per share, with a total value of $32,397.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.03% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. First Trust Advisors LP raised its holdings in shares of American Homes 4 Rent by 97.9% in the first quarter. First Trust Advisors LP now owns 162,323 shares of the real estate investment trust’s stock valued at $3,688,000 after purchasing an additional 80,314 shares during the last quarter. Morgan Stanley grew its position in American Homes 4 Rent by 264.5% in the second quarter. Morgan Stanley now owns 876,656 shares of the real estate investment trust’s stock valued at $34,057,000 after purchasing an additional 636,134 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in American Homes 4 Rent by 9.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,850 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 668 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in American Homes 4 Rent during the 3rd quarter worth about $384,000. Finally, AE Wealth Management LLC lifted its position in American Homes 4 Rent by 56.5% during the 3rd quarter. AE Wealth Management LLC now owns 11,019 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 3,977 shares in the last quarter. 80.54% of the stock is owned by institutional investors.

About American Homes 4 Rent (Get Rating)

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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