Today, Brokerages Set American Homes 4 Rent (AMH) PT at $22.67

Today, Brokerages Set American Homes 4 Rent (AMH) PT at $22.67
American Homes 4 Rent (NYSE:AMH) has been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the company. Five analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.67.

AMH has been the subject of several analyst reports. Zacks Investment Research raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Monday, October 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $20.00 price target (up previously from $19.00) on shares of American Homes 4 Rent in a research report on Saturday, August 13th. JMP Securities initiated coverage on shares of American Homes 4 Rent in a research report on Tuesday, October 11th. They set an “outperform” rating for the company. FBR & Co reissued an “outperform” rating on shares of American Homes 4 Rent in a research report on Friday, September 23rd. Finally, Zelman & Associates raised shares of American Homes 4 Rent from a “hold” rating to a “buy” rating in a research report on Monday, August 8th.

American Homes 4 Rent (NYSE:AMH) opened at 21.18 on Tuesday. American Homes 4 Rent has a 12-month low of $13.16 and a 12-month high of $22.99. The stock has a 50 day moving average price of $20.77 and a 200 day moving average price of $20.50. The company’s market capitalization is $5.05 billion.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, November 3rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. American Homes 4 Rent had a negative net margin of 2.47% and a negative return on equity of 0.45%. The firm earned $236.10 million during the quarter, compared to analyst estimates of $49.46 million. During the same period last year, the business earned $0.19 earnings per share. The business’s revenue was up 36.8% on a year-over-year basis. On average, analysts expect that American Homes 4 Rent will post $0.97 EPS for the current year.

In other American Homes 4 Rent news, insider Bryan Smith sold 12,000 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $21.70, for a total value of $260,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tamara Hughes Gustavson bought 80,681 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was bought at an average cost of $20.55 per share, with a total value of $1,657,994.55. Following the transaction, the director now owns 12,972,446 shares in the company, valued at approximately $266,583,765.30. The disclosure for this purchase can be found here. 23.31% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the company. Brookfield Asset Management Inc. boosted its position in shares of American Homes 4 Rent by 19.4% in the third quarter. Brookfield Asset Management Inc. now owns 6,309,209 shares of the company’s stock valued at $136,531,000 after buying an additional 1,024,311 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of American Homes 4 Rent during the third quarter valued at $2,677,000. Credit Suisse AG boosted its position in shares of American Homes 4 Rent by 21.9% in the third quarter. Credit Suisse AG now owns 860,553 shares of the company’s stock valued at $18,623,000 after buying an additional 154,524 shares in the last quarter. Pioneer Investment Management Inc. boosted its position in shares of American Homes 4 Rent by 102.1% in the third quarter. Pioneer Investment Management Inc. now owns 367,498 shares of the company’s stock valued at $7,953,000 after buying an additional 185,698 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of American Homes 4 Rent during the third quarter valued at $6,116,000. 76.99% of the stock is owned by institutional investors and hedge funds.

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.

Receive News & Ratings for American Homes 4 Rent Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Homes 4 Rent and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment