Barclays Has Lowered Expectations for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its target price cut by analysts at Barclays from $39.00 to $37.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price objective points to a potential upside of 6.92% from the company’s current price.

A number of other equities analysts have also commented on the stock. Mizuho lifted their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $39.00 to $40.00 in a report on Friday. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price target for the company from $41.00 to $42.00 in a report on Monday, November 11th. JMP Securities reissued a “market outperform” rating and set a $41.00 price objective on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. Finally, Scotiabank downgraded American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price for the company. in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.67.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $34.60 on Friday. The company has a quick ratio of 0.58, 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 $33.75 and a 12 month high of $41.41. The company’s fifty day moving average is $36.84 and its 200-day moving average is $37.56. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 2.98 and a beta of 0.78.

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

Insider Activity at American Homes 4 Rent

In other news, Director Douglas N. Benham bought 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The shares were bought at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently made changes to their positions in the company. Forsta AP Fonden bought a new position in American Homes 4 Rent in the fourth quarter valued at approximately $1,834,000. Blue Trust Inc. grew its stake in shares of American Homes 4 Rent by 54.0% during the fourth quarter. Blue Trust Inc. now owns 8,113 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 2,844 shares during the period. Exchange Traded Concepts LLC increased its holdings in American Homes 4 Rent by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,860 shares of the real estate investment trust’s stock valued at $855,000 after purchasing an additional 932 shares during the last quarter. UMB Bank n.a. lifted its stake in American Homes 4 Rent by 77.2% in the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 607 shares during the period. Finally, Merit Financial Group LLC bought a new position in American Homes 4 Rent during the fourth quarter worth about $206,000. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Company Profile

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.