Evercore ISI Upgrades American Homes 4 Rent (NYSE:AMH) to “Outperform”

American Homes 4 Rent (NYSE:AMH) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has a $42.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $41.00. Evercore ISI’s target price indicates a potential upside of 12.48% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Scotiabank reissued an “outperform” rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Mizuho raised their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

American Homes 4 Rent Stock Down 0.2 %

Shares of NYSE:AMH opened at $37.34 on Monday. American Homes 4 Rent has a 52-week low of $33.75 and a 52-week high of $41.41. The company has a market capitalization of $13.80 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 3.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The company has a fifty day moving average of $38.28 and a 200-day moving average of $37.34.

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 firm had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. On average, equities analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

Institutional Trading of American Homes 4 Rent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of American Homes 4 Rent by 2.5% during the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock valued at $1,679,868,000 after acquiring an additional 1,094,714 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of 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 buying an additional 507,307 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in American Homes 4 Rent by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock worth $183,403,000 after buying an additional 334,358 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in American Homes 4 Rent by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,224,013 shares of the real estate investment trust’s stock valued at $162,160,000 after buying an additional 62,367 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in American Homes 4 Rent by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock valued at $146,850,000 after acquiring an additional 37,757 shares in the last quarter. 91.87% of the stock is 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.