American Homes 4 Rent (NYSE:AMH) Given New $37.00 Price Target at Barclays

American Homes 4 Rent (NYSE:AMH) had its price objective cut by investment analysts at Barclays from $39.00 to $37.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price would indicate a potential upside of 6.92% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Scotiabank downgraded shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective for the company. in a report on Thursday. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $39.00 to $40.00 in a research note on Friday. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $42.00 in a research note on Monday, November 11th. JMP Securities restated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and lowered their price target for the company from $40.00 to $37.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.67.

American Homes 4 Rent Price Performance

NYSE AMH opened at $34.60 on Friday. The company has a 50-day moving average price of $36.84 and a two-hundred day moving average price of $37.56. American Homes 4 Rent has a 52 week low of $33.75 and a 52 week high of $41.41. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 2.98 and a beta of 0.78. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. Analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current year.

Insider Activity

In other news, Director Douglas N. Benham bought 3,286 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $24.49 per share, with a total value of $80,474.14. Following the purchase, the director now directly owns 41,946 shares in the company, valued at $1,027,257.54. This trade represents a 8.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Large investors have recently made changes to their positions in the business. Maryland Capital Advisors Inc. acquired a new stake in shares of American Homes 4 Rent during the third quarter worth approximately $25,000. UMB Bank n.a. lifted its position in American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 604 shares in the last quarter. Assetmark Inc. grew its holdings in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 790 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 275 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of American Homes 4 Rent during the third quarter worth $53,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

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.