American Homes 4 Rent (NYSE:AMH – Free Report) had its price target decreased by Barclays from $36.00 to $35.00 in a research report report published on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.
A number of other analysts have also commented on AMH. Wells Fargo & Company raised their price target on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Monday, August 17th. Morgan Stanley reduced their price objective on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods upped their price objective on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of American Homes 4 Rent in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus target price of $36.35.
Read Our Latest Report on American Homes 4 Rent
American Homes 4 Rent Stock Up 1.1%
Shares of NYSE:AMH opened at $31.30 on Wednesday. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $35.07. The company has a market cap of $11.29 billion, a PE ratio of 24.84, a P/E/G ratio of 5.87 and a beta of 0.77. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. The stock’s 50-day moving average is $32.14 and its 200 day moving average is $32.15.
American Homes 4 Rent (NYSE:AMH – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%. The business had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $466.51 million. During the same quarter last year, the business posted $0.47 EPS. The business’s revenue was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Sell-side analysts anticipate that American Homes 4 Rent will post 1.91 EPS for the current year.
American Homes 4 Rent Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, September 15th. American Homes 4 Rent’s payout ratio is presently 104.76%.
Insider Buying and Selling at American Homes 4 Rent
In other news, Director Jack Corrigan bought 8,000 shares of American Homes 4 Rent stock in a transaction on Friday, September 11th. The shares were purchased at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the acquisition, the director owned 25,000 shares of the company’s stock, valued at approximately $537,250. The trade was a 47.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders purchased 15,000 shares of company stock worth $328,040. 5.70% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in AMH. Bessemer Group Inc. grew its stake in American Homes 4 Rent by 70.3% in the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 483 shares during the period. Root Financial Partners LLC raised its holdings in American Homes 4 Rent by 7,231.6% in the first quarter. Root Financial Partners LLC now owns 1,393 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,374 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in American Homes 4 Rent by 199.0% in the second quarter. Elevation Wealth Partners LLC now owns 1,441 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 959 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in American Homes 4 Rent by 393.3% during the first quarter. SJS Investment Consulting Inc. now owns 2,131 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 1,699 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in American Homes 4 Rent by 70.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,941 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 1,213 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 (NYSE:AMH) is a real estate investment trust that owns, develops, acquires, leases and manages single-family rental homes in the United States. The company provides professionally managed rental housing, offering residents detached homes with features such as multiple bedrooms, private outdoor space and access to online leasing and maintenance services.
Founded in 2012, American Homes 4 Rent has built a portfolio through home acquisitions and the development of purpose-built rental communities.
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