Brokerages Set American Homes 4 Rent (NYSE:AMH) Price Target at $37.93

American Homes 4 Rent (NYSE:AMHGet Free Report) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $37.93.

Several research firms recently weighed in on AMH. BNP Paribas began coverage on shares of American Homes 4 Rent in a research report on Monday, January 22nd. They set an “outperform” rating and a $42.00 price target for the company. Jefferies Financial Group upgraded shares of American Homes 4 Rent from a “hold” rating to a “buy” rating and upped their price target for the stock from $34.00 to $41.00 in a research report on Tuesday, January 2nd. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of American Homes 4 Rent in a research note on Tuesday, January 30th. They set a “buy” rating and a $40.00 price objective for the company.

View Our Latest Stock Analysis on American Homes 4 Rent

American Homes 4 Rent Stock Up 0.9 %

AMH opened at $34.86 on Friday. American Homes 4 Rent has a twelve month low of $28.78 and a twelve month high of $37.97. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $35.66 and a 200 day moving average price of $35.36. The company has a market cap of $12.62 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 2.70 and a beta of 0.70.

Insiders Place Their Bets

In other news, Director James H. Kropp sold 6,852 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $36.47, for a total value of $249,892.44. Following the sale, the director now directly owns 29,202 shares in the company, valued at approximately $1,064,996.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James H. Kropp sold 6,852 shares of American Homes 4 Rent stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $36.47, for a total transaction of $249,892.44. Following the sale, the director now directly owns 29,202 shares in the company, valued at approximately $1,064,996.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack E. Corrigan sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $36.60, for a total transaction of $915,000.00. Following the transaction, the director now directly owns 103,789 shares in the company, valued at $3,798,677.40. The disclosure for this sale can be found here. 6.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Land & Buildings Investment Management LLC grew its position in American Homes 4 Rent by 35.1% during the 2nd quarter. Land & Buildings Investment Management LLC now owns 858,060 shares of the real estate investment trust’s stock worth $30,418,000 after purchasing an additional 222,970 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in shares of American Homes 4 Rent in the third quarter valued at about $510,000. EverSource Wealth Advisors LLC boosted its holdings in shares of American Homes 4 Rent by 2.8% in the third quarter. EverSource Wealth Advisors LLC now owns 135,180 shares of the real estate investment trust’s stock valued at $4,554,000 after acquiring an additional 3,736 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the second quarter valued at about $18,395,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of American Homes 4 Rent by 5.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 58,166 shares of the real estate investment trust’s stock valued at $1,960,000 after acquiring an additional 2,844 shares in the last quarter. 83.97% of the stock is owned by hedge funds and other institutional investors.

About American Homes 4 Rent

(Get Free Report

American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading 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.

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

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