Raymond James Forecasts Strong Price Appreciation for American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH) had its price target boosted by equities researchers at Raymond James from $39.00 to $43.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price objective would indicate a potential upside of 11.11% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their target price for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Morgan Stanley raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $39.00 to $40.00 in a research note on Friday, January 24th. JMP Securities restated a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Scotiabank downgraded 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 report on Thursday, January 23rd. Finally, Royal Bank of Canada upped their target price on American Homes 4 Rent from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.64.

American Homes 4 Rent Stock Up 0.9 %

AMH opened at $38.70 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. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41. The company has a market cap of $14.32 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The company has a 50-day moving average price of $36.55 and a 200 day moving average price of $36.46.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The business had revenue of $459.28 million for the quarter, compared to the consensus estimate of $449.00 million. During the same quarter last year, the business posted $0.43 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Sell-side analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the transaction, the chief accounting officer now owns 99,214 shares of the company’s stock, valued at approximately $3,870,338.14. This represents a 29.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack E. Corrigan bought 4,000 shares of the company’s stock in a transaction on Monday, May 5th. The stock was purchased at an average cost of $23.42 per share, with a total value of $93,680.00. Following the completion of the transaction, the director now owns 12,000 shares in the company, valued at $281,040. This represents a 50.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mountain Hill Investment Partners Corp. acquired a new stake in American Homes 4 Rent during the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC acquired a new position in shares of American Homes 4 Rent in the first quarter worth $29,000. National Pension Service purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth $30,000. Parallel Advisors LLC raised its stake in shares of American Homes 4 Rent by 171.1% in the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 532 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings 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 period. Hedge funds and other institutional investors 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.