BTIG Research Analysts Give American Homes 4 Rent (AMH) a $25.00 Price Target

American Homes 4 Rent (NYSE:AMH) has been assigned a $25.00 price target by equities researchers at BTIG Research in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the real estate investment trust’s stock. BTIG Research’s target price suggests a potential upside of 25.69% from the company’s previous close.

Other equities analysts have also issued reports about the company. Mizuho set a $25.00 price objective on American Homes 4 Rent and gave the company a “buy” rating in a research report on Friday, August 3rd. Zelman & Associates lowered American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Zacks Investment Research upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, Wells Fargo & Co boosted their price objective on American Homes 4 Rent from $22.00 to $24.00 and gave the company a “market perform” rating in a research report on Tuesday, August 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.50.

Shares of AMH opened at $19.89 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.85 and a quick ratio of 0.85. American Homes 4 Rent has a 52-week low of $18.39 and a 52-week high of $23.34. The company has a market capitalization of $5.91 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.22). American Homes 4 Rent had a net margin of 10.70% and a return on equity of 1.91%. The business had revenue of $280.10 million during the quarter, compared to analyst estimates of $270.24 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities analysts forecast that American Homes 4 Rent will post 1.08 EPS for the current year.

In other news, Director Tamara Hughes Gustavson bought 217,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were purchased at an average price of $22.93 per share, for a total transaction of $4,975,810.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Douglas N. Benham bought 2,000 shares of the business’s stock in a transaction on Wednesday, October 10th. The stock was purchased at an average price of $23.73 per share, for a total transaction of $47,460.00. Following the purchase, the director now directly owns 8,000 shares in the company, valued at approximately $189,840. The disclosure for this purchase can be found here. Insiders sold a total of 150,000 shares of company stock worth $3,450,000 in the last 90 days. Company insiders own 26.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. Citadel Advisors LLC lifted its stake in American Homes 4 Rent by 1,181.0% in the 2nd quarter. Citadel Advisors LLC now owns 2,380,096 shares of the real estate investment trust’s stock valued at $52,790,000 after acquiring an additional 2,194,301 shares in the last quarter. Principal Financial Group Inc. lifted its stake in American Homes 4 Rent by 42.0% in the 1st quarter. Principal Financial Group Inc. now owns 6,111,266 shares of the real estate investment trust’s stock valued at $122,715,000 after acquiring an additional 1,808,597 shares in the last quarter. Security Capital Research & Management Inc. raised its stake in shares of American Homes 4 Rent by 95.5% during the 2nd quarter. Security Capital Research & Management Inc. now owns 3,339,970 shares of the real estate investment trust’s stock worth $74,081,000 after purchasing an additional 1,631,925 shares in the last quarter. Bank of America Corp DE raised its stake in shares of American Homes 4 Rent by 146.0% during the 2nd quarter. Bank of America Corp DE now owns 2,504,080 shares of the real estate investment trust’s stock worth $55,540,000 after purchasing an additional 1,486,363 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of American Homes 4 Rent during the 2nd quarter worth approximately $32,196,000. Hedge funds and other institutional investors own 88.91% of the company’s stock.

American Homes 4 Rent Company Profile

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, renovating, leasing, and operating attractive, single-family homes as rental properties.

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Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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