American Homes 4 Rent (AMH) PT Set at $26.00 by B. Riley

American Homes 4 Rent (NYSE:AMH) has been assigned a $26.00 target price by stock analysts at B. Riley in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price would indicate a potential upside of 20.48% from the company’s previous close. B. Riley also issued estimates for American Homes 4 Rent’s Q1 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS, Q2 2019 earnings at $0.32 EPS and Q3 2019 earnings at $0.32 EPS.

AMH has been the subject of several other reports. Zacks Investment Research downgraded American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. BidaskClub cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Citigroup Inc. assumed coverage on American Homes 4 Rent in a report on Friday, October 20th. They issued a “buy” rating and a $25.00 target price for the company. TheStreet upgraded American Homes 4 Rent from a “c” rating to a “b” rating in a report on Friday, August 4th. Finally, BTIG Research assumed coverage on American Homes 4 Rent in a report on Monday, October 9th. They issued a “buy” rating and a $26.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. American Homes 4 Rent has a consensus rating of “Hold” and a consensus price target of $25.13.

American Homes 4 Rent (AMH) traded down $0.27 on Tuesday, reaching $21.58. The company’s stock had a trading volume of 3,843,300 shares, compared to its average volume of 2,034,261. American Homes 4 Rent has a 52 week low of $19.62 and a 52 week high of $23.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $6,265.23, a price-to-earnings ratio of 21.21, a PEG ratio of 1.85 and a beta of 0.69.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. American Homes 4 Rent had a return on equity of 1.15% and a net margin of 6.56%. The firm had revenue of $246.80 million for the quarter, compared to analyst estimates of $247.96 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 4.5% on a year-over-year basis. research analysts predict that American Homes 4 Rent will post 1.03 earnings per share for the current fiscal year.

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In related news, Director B Wayne Et Al Hughes purchased 101,678 shares of American Homes 4 Rent stock in a transaction on Tuesday, November 7th. The shares were bought at an average price of $21.87 per share, with a total value of $2,223,697.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders have purchased 1,766,855 shares of company stock worth $38,597,023. 27.82% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in American Homes 4 Rent by 5.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 278 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of American Homes 4 Rent by 1.5% in the second quarter. Teacher Retirement System of Texas now owns 18,405 shares of the real estate investment trust’s stock valued at $415,000 after buying an additional 280 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of American Homes 4 Rent by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 515 shares in the last quarter. GAM Holding AG boosted its stake in shares of American Homes 4 Rent by 4.8% in the second quarter. GAM Holding AG now owns 19,436 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 897 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of American Homes 4 Rent by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,535 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 1,251 shares in the last quarter. 94.29% of the stock is currently owned by institutional investors.

About American Homes 4 Rent

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.

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

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