Raymond James Issues Pessimistic Forecast for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its price target decreased by equities researchers at Raymond James from $44.00 to $39.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ target price would indicate a potential upside of 13.69% from the company’s current price.

A number of other research analysts have also recently commented on the company. Morgan Stanley raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $39.00 to $40.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $37.00 in a research report on Tuesday, January 21st. Barclays upped their target price on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 12th. Mizuho reduced their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank of Canada cut their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.14.

American Homes 4 Rent Stock Down 2.3 %

AMH stock opened at $34.31 on Friday. The business has a fifty day moving average price of $35.81 and a 200-day moving average price of $36.57. American Homes 4 Rent has a 1-year low of $31.68 and a 1-year high of $41.41. The stock has a market capitalization of $12.70 billion, a P/E ratio of 31.76, a P/E/G ratio of 3.56 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.15 by $0.30. The firm had revenue of $436.59 million during the quarter, compared to analyst estimates of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. Equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMH. Atria Investments Inc raised its holdings in shares of American Homes 4 Rent by 0.4% in the 4th quarter. Atria Investments Inc now owns 84,843 shares of the real estate investment trust’s stock valued at $3,175,000 after purchasing an additional 316 shares in the last quarter. Assetmark Inc. raised its holdings in shares of American Homes 4 Rent by 37.1% in the fourth quarter. Assetmark Inc. now owns 1,385 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 375 shares during the last quarter. Quadrant Capital Group LLC lifted its position in American Homes 4 Rent by 11.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,532 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 376 shares during the period. Jones Financial Companies Lllp raised its position in American Homes 4 Rent by 56.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,084 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 392 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in American Homes 4 Rent by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 75,100 shares of the real estate investment trust’s stock valued at $2,810,000 after purchasing an additional 400 shares during the period. 91.87% of the stock is currently owned by institutional investors.

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.