American Homes 4 Rent (NYSE:AMH) Stock Price Target Raised at UBS Group

American Homes 4 Rent (NYSE:AMH) had its target price hoisted by investment analysts at UBS Group from $32.00 to $34.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group‘s price target indicates a potential upside of 3.32% from the company’s previous close.

AMH has been the subject of a number of other reports. Royal Bank Of Canada upped their target price on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday. Morgan Stanley dropped their price objective on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price objective on shares of American Homes 4 Rent from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Wells Fargo & Company cut their price objective on shares of American Homes 4 Rent from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Finally, Zelman & Associates upgraded American Homes 4 Rent from an “underperform” rating to a “neutral” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus target price of $36.65.

American Homes 4 Rent Stock Up 0.3%

Shares of AMH stock traded up $0.09 during trading hours on Monday, hitting $32.91. 2,407,476 shares of the company’s stock traded hands, compared to its average volume of 3,205,935. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $35.07. The stock’s fifty day simple moving average is $31.47 and its two-hundred day simple moving average is $31.63. The stock has a market cap of $11.87 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 5.01 and a beta of 0.75. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.70.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.32. American Homes 4 Rent had a net margin of 24.17% and a return on equity of 6.07%. The business had revenue of $498.07 million during the quarter, compared to analyst estimates of $488.73 million. During the same period last year, the business earned $0.47 EPS. American Homes 4 Rent’s revenue was up 4.1% compared to the same quarter last year. On average, analysts expect that American Homes 4 Rent will post 1.91 EPS for the current year.

Insider Activity

In related news, Director Jack Corrigan purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were purchased at an average price of $21.49 per share, with a total value of $171,920.00. Following the purchase, the director owned 25,000 shares of the company’s stock, valued at $537,250. The trade was a 47.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders purchased 15,000 shares of company stock worth $328,040. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp boosted its stake in American Homes 4 Rent by 3.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 424 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of American Homes 4 Rent by 7.2% during the 1st quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 431 shares during the last quarter. Bessemer Group Inc. grew its holdings in American Homes 4 Rent by 39.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,631 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 461 shares in the last quarter. Abel Hall LLC grew its holdings in shares of American Homes 4 Rent by 2.8% in the third quarter. Abel Hall LLC now owns 17,159 shares of the real estate investment trust’s stock valued at $521,000 after purchasing an additional 469 shares during the period. Finally, Allstate Corp raised its position in shares of American Homes 4 Rent by 2.4% during the 2nd quarter. Allstate Corp now owns 26,222 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 622 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

About American Homes 4 Rent

American Homes 4 Rent is a real estate investment trust that owns, operates and leases single-family homes in the United States. The company rents homes to individuals and families, offering an alternative to homeownership in its markets.

In addition to acquiring existing homes, American Homes 4 Rent develops single-family properties for rental through its build-to-rent program. Its portfolio and operations span multiple regions of the country, including the Southeast, Midwest, Southwest and West.

Founded in 2012 by real estate entrepreneur B.