American Homes 4 Rent (NYSE:AMH) Stock Price Expected to Rise, Scotiabank Analyst Says

American Homes 4 Rent (NYSE:AMH) had its price target boosted by analysts at Scotiabank from $38.00 to $41.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would suggest a potential upside of 7.09% from the stock’s previous close.

A number of other brokerages have also recently commented on AMH. Royal Bank of Canada raised their price objective on American Homes 4 Rent from $39.00 to $41.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Barclays lifted their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. StockNews.com upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Finally, JMP Securities restated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.86.

American Homes 4 Rent Trading Down 1.1%

Shares of American Homes 4 Rent stock traded down $0.42 during midday trading on Monday, reaching $38.29. The company had a trading volume of 218,285 shares, compared to its average volume of 2,166,880. The firm has a market cap of $14.17 billion, a PE ratio of 35.42, a P/E/G ratio of 3.56 and a beta of 0.78. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week 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 stock has a fifty day moving average price of $36.55 and a 200 day moving average price of $36.44.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The business had revenue of $459.28 million during the quarter, compared to analysts’ expectations of $449.00 million. During the same period last year, the company posted $0.43 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Transactions at American Homes 4 Rent

In other news, Director Jack E. Corrigan bought 4,000 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was acquired at an average cost of $23.42 per share, with a total value of $93,680.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at $281,040. This represents a 50.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the completion of the sale, the chief accounting officer now directly owns 99,214 shares of the company’s stock, valued at $3,870,338.14. This represents a 29.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently added to or reduced their stakes in the business. Mountain Hill Investment Partners Corp. purchased a new stake in shares of American Homes 4 Rent during the 4th quarter valued at approximately $26,000. Golden State Wealth Management LLC purchased a new stake in shares of American Homes 4 Rent during the first quarter worth $29,000. National Pension Service purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth $30,000. Parallel Advisors LLC lifted its position in shares of American Homes 4 Rent by 171.1% during the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 532 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of American Homes 4 Rent by 56.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 392 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Company Profile

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.