American Homes 4 Rent (NYSE:AMH) Price Target Raised to $28.00 at JPMorgan Chase & Co.

American Homes 4 Rent (NYSE:AMH) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $27.00 to $28.00 in a report issued on Tuesday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 6.22% from the company’s previous close.

Several other analysts have also recently issued reports on AMH. Morgan Stanley increased their price objective on American Homes 4 Rent from $27.50 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Evercore ISI restated a “buy” rating and set a $27.00 price target on shares of American Homes 4 Rent in a report on Tuesday, November 12th. Zacks Investment Research upgraded American Homes 4 Rent from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, November 13th. ValuEngine downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a report on Friday, November 8th. They issued a “buy” rating and a $29.00 target price on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $27.22.

Shares of AMH stock opened at $26.36 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $8.03 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.41 and a beta of 0.60. The company has a 50 day moving average price of $26.21 and a 200 day moving average price of $25.29. American Homes 4 Rent has a fifty-two week low of $18.91 and a fifty-two week high of $27.14.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, November 7th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.19). The business had revenue of $298.30 million for the quarter, compared to analyst estimates of $290.51 million. American Homes 4 Rent had a return on equity of 2.03% and a net margin of 10.74%. American Homes 4 Rent’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. On average, research analysts forecast that American Homes 4 Rent will post 1.12 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company purchased a new position in American Homes 4 Rent during the 4th quarter worth approximately $0. Public Employees Retirement Association of Colorado increased its position in American Homes 4 Rent by 0.4% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 5,363 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 21 shares during the period. PNC Financial Services Group Inc. raised its stake in American Homes 4 Rent by 5.1% during 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 acquiring an additional 278 shares during the last quarter. Teacher Retirement System of Texas raised its stake in American Homes 4 Rent by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,405 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 280 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its position in American Homes 4 Rent by 1.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,631 shares of the real estate investment trust’s stock worth $349,000 after acquiring an additional 318 shares during the period. 86.43% of the stock is currently owned by institutional investors.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

Featured Story: What is the Book Value of a Share?

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

Receive News & Ratings for American Homes 4 Rent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Homes 4 Rent and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply