American Homes 4 Rent (NYSE:AMH) Coverage Initiated at Barclays

Equities research analysts at Barclays initiated coverage on shares of American Homes 4 Rent (NYSE:AMH - Get Free Report) in a research note issued on Tuesday, Marketbeat Ratings reports. The firm set an "equal weight" rating and a $39.00 price target on the real estate investment trust's stock. Barclays's price objective suggests a potential upside of 5.69% from the stock's previous close.

Several other brokerages have also recently issued reports on AMH. StockNews.com cut shares of American Homes 4 Rent from a "hold" rating to a "sell" rating in a research report on Tuesday, December 3rd. Mizuho upped their price objective on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. Evercore ISI raised American Homes 4 Rent from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. Scotiabank reiterated an "outperform" rating and issued a $42.00 price objective on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $41.38.

American Homes 4 Rent Trading Down 1.4 %

Shares of NYSE:AMH traded down $0.52 during mid-day trading on Tuesday, reaching $36.90. 2,879,418 shares of the company were exchanged, compared to its average volume of 2,528,271. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The firm's 50-day simple moving average is $37.51 and its 200 day simple moving average is $37.61. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 38.44, a P/E/G ratio of 3.33 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). The firm had revenue of $445.06 million for the quarter, compared to analysts' expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. Equities research analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current year.

Insider Activity

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 3,286 shares of the stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $24.49 per share, with a total value of $80,474.14. Following the transaction, the director now owns 41,946 shares of the company's stock, valued at approximately $1,027,257.54. This trade represents a 8.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now directly owns 125,580 shares of the company's stock, valued at $4,746,924. The trade was a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.32% of the company's stock.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in shares of American Homes 4 Rent by 1,405.8% in the second quarter. Blue Trust Inc. now owns 2,876 shares of the real estate investment trust's stock valued at $106,000 after purchasing an additional 2,685 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in American Homes 4 Rent in the 2nd quarter valued at $339,000. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of American Homes 4 Rent by 39.3% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust's stock worth $53,420,000 after acquiring an additional 405,468 shares during the period. Retirement Systems of Alabama lifted its stake in shares of American Homes 4 Rent by 95.7% in the 2nd quarter. Retirement Systems of Alabama now owns 781,684 shares of the real estate investment trust's stock worth $29,047,000 after acquiring an additional 382,294 shares during the period. Finally, Easterly Investment Partners LLC boosted its holdings in shares of American Homes 4 Rent by 96.7% in the second quarter. Easterly Investment Partners LLC now owns 248,314 shares of the real estate investment trust's stock valued at $9,227,000 after acquiring an additional 122,048 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

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.