UBS Group Increases American Homes 4 Rent (NYSE:AMH) Price Target to $40.00

American Homes 4 Rent (NYSE:AMH) had its price target upped by UBS Group from $37.00 to $40.00 in a research note published on Friday, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other analysts also recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the stock a market perform rating in a report on Monday, May 13th. Evercore ISI boosted their price objective on shares of American Homes 4 Rent from $38.00 to $39.00 and gave the company an in-line rating in a report on Tuesday, July 9th. Barclays cut their price objective on shares of American Homes 4 Rent from $43.00 to $42.00 and set an overweight rating for the company in a report on Wednesday, May 29th. StockNews.com raised shares of American Homes 4 Rent from a sell rating to a hold rating in a report on Saturday, August 10th. Finally, Royal Bank of Canada boosted their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an outperform rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $40.21.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $38.55 on Friday. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 3.10 and a beta of 0.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.59 and a current ratio of 0.59. The company has a 50-day simple moving average of $36.74 and a 200 day simple moving average of $36.18. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $38.91.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18). The company had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a return on equity of 4.91% and a net margin of 21.83%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. On average, sell-side analysts predict that American Homes 4 Rent will post 1.74 earnings per share for the current year.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp acquired a new position in American Homes 4 Rent during the 1st quarter worth approximately $10,238,000. Mutual of America Capital Management LLC acquired a new position in American Homes 4 Rent during the 1st quarter worth approximately $6,970,000. Los Angeles Capital Management LLC acquired a new position in American Homes 4 Rent during the 1st quarter worth approximately $5,711,000. Wells Fargo & Company MN increased its position in American Homes 4 Rent by 67.6% during the 4th quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock worth $29,513,000 after purchasing an additional 331,168 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in American Homes 4 Rent during the 1st quarter worth approximately $524,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

About American Homes 4 Rent

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.