American Homes 4 Rent (NYSE:AMH) Given New $37.00 Price Target at Mizuho

American Homes 4 Rent (NYSE:AMH) had its target price decreased by investment analysts at Mizuho from $41.00 to $37.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price target suggests a potential upside of 5.67% from the company’s current price.

Other research analysts have also issued research reports about the stock. Scotiabank lowered shares of 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 report on Thursday, January 23rd. StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $37.00 in a report on Tuesday, January 21st. Barclays lifted their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, JMP Securities reissued a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and a consensus price target of $40.33.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $35.02 on Thursday. The firm has a 50-day moving average price of $35.53 and a 200 day moving average price of $37.16. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $12.96 billion, a PE ratio of 32.42, a P/E/G ratio of 3.56 and a beta of 0.77. American Homes 4 Rent has a 52-week low of $34.01 and a 52-week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.15 by $0.30. The business had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Homes 4 Rent

A number of large investors have recently added to or reduced their stakes in AMH. Assetmark Inc. grew its position in shares of American Homes 4 Rent by 359.1% in the 3rd 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 during the last quarter. Atria Investments Inc raised its stake in 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 valued at $3,245,000 after buying an additional 12,038 shares during the last quarter. GSA Capital Partners LLP boosted its position in American Homes 4 Rent by 302.6% in the third quarter. GSA Capital Partners LLP now owns 32,122 shares of the real estate investment trust’s stock worth $1,233,000 after purchasing an additional 24,143 shares during the last quarter. Aigen Investment Management LP purchased a new stake in American Homes 4 Rent during the third quarter valued at approximately $552,000. Finally, Aptus Capital Advisors LLC raised its stake in shares of American Homes 4 Rent by 15.4% in the third quarter. Aptus Capital Advisors LLC now owns 102,536 shares of the real estate investment trust’s stock worth $3,936,000 after buying an additional 13,649 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

About American Homes 4 Rent

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.