Raymond James Lowers American Homes 4 Rent (NYSE:AMH) Price Target to $39.00

American Homes 4 Rent (NYSE:AMH) had its price target dropped by analysts at Raymond James from $44.00 to $39.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ target price indicates a potential upside of 13.69% from the stock’s previous close.

A number of other brokerages have also commented on AMH. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Royal Bank of Canada decreased their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Scotiabank cut American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, January 23rd. JMP Securities reiterated a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.14.

American Homes 4 Rent Price Performance

AMH stock opened at $34.31 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 3.56 and a beta of 0.73. The company’s fifty day simple moving average is $35.81 and its 200 day simple moving average is $36.57. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $436.59 million for the quarter, compared to the consensus estimate of $442.02 million. On average, analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently added to or reduced their stakes in AMH. Mountain Hill Investment Partners Corp. bought a new position in shares of American Homes 4 Rent in the fourth quarter valued at approximately $26,000. National Pension Service purchased a new stake in shares of American Homes 4 Rent in the 4th quarter valued at $30,000. Parallel Advisors LLC grew its stake 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 valued at $32,000 after buying an additional 532 shares during the last quarter. Jones Financial Companies Lllp lifted its position in 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 during the last quarter. Finally, Assetmark Inc. raised its holdings in American Homes 4 Rent by 37.1% during the 4th quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 375 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

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.