Evercore ISI Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $41.00

American Homes 4 Rent (NYSE:AMH) had its target price cut by Evercore ISI from $42.00 to $41.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

Other analysts have also issued research reports about the company. Mizuho raised their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. UBS Group raised their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. JPMorgan Chase & Co. increased their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Scotiabank restated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Trading Down 0.6 %

NYSE:AMH opened at $35.02 on Wednesday. The company’s 50 day moving average is $38.67 and its 200-day moving average is $37.26. The company has a quick ratio of 1.54, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 12 month low of $33.34 and a 12 month high of $41.41. The firm has a market cap of $12.83 billion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 3.04 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last announced its 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). American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Friday, September 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 108.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AMH. Atria Investments Inc increased its position in shares of American Homes 4 Rent by 16.6% during the 3rd quarter. Atria Investments Inc now owns 84,527 shares of the real estate investment trust’s stock worth $3,245,000 after purchasing an additional 12,038 shares in the last quarter. Assetmark Inc. increased its holdings in shares of American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 790 shares in the last quarter. Easterly Investment Partners LLC raised its stake in shares of American Homes 4 Rent by 91.4% in the third quarter. Easterly Investment Partners LLC now owns 475,214 shares of the real estate investment trust’s stock valued at $18,243,000 after acquiring an additional 226,900 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of American Homes 4 Rent in the 3rd quarter worth approximately $53,000. Finally, Van ECK Associates Corp grew its position in American Homes 4 Rent by 12.2% during the 3rd quarter. Van ECK Associates Corp now owns 143,072 shares of the real estate investment trust’s stock worth $5,587,000 after acquiring an additional 15,609 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Company Profile

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.