American Homes 4 Rent (NYSE:AMH) Price Target Raised to $38.00

American Homes 4 Rent (NYSE:AMHFree Report) had its price objective raised by Keefe, Bruyette & Woods from $36.00 to $38.00 in a research note released on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the real estate investment trust’s stock.

A number of other analysts have also weighed in on the stock. Barclays upped their price target on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Wells Fargo & Company raised their price objective on shares of American Homes 4 Rent from $34.00 to $36.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Scotiabank boosted their target price on American Homes 4 Rent from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Jefferies Financial Group upgraded American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Citigroup reiterated a “market outperform” rating on shares of American Homes 4 Rent in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.69.

Check Out Our Latest Stock Analysis on AMH

American Homes 4 Rent Trading Up 0.5%

Shares of NYSE:AMH opened at $34.72 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $33.33 and its 200 day moving average price is $31.44. The company has a market cap of $12.52 billion, a PE ratio of 27.55, a P/E/G ratio of 6.24 and a beta of 0.79. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $35.85.

American Homes 4 Rent (NYSE:AMHGet Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The firm had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $466.51 million. During the same quarter in the prior year, the firm earned $0.47 EPS. American Homes 4 Rent’s quarterly 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 1.88 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, June 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 104.76%.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 2,041 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were bought at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the purchase, the director directly owned 17,000 shares in the company, valued at $400,010. This trade represents a 13.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired a total of 5,000 shares of company stock worth $117,024 over the last ninety days. 5.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its position in shares of American Homes 4 Rent by 3.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,797 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 321 shares during the period. Vanderbilt University raised its stake in American Homes 4 Rent by 1.5% in the first quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 346 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in American Homes 4 Rent by 3.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 424 shares in the last quarter. Assetmark Inc. lifted its holdings in American Homes 4 Rent by 7.2% in the first quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 431 shares during the period. Finally, IFP Advisors Inc lifted its holdings in American Homes 4 Rent by 122.2% in the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 441 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

About American Homes 4 Rent

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American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.

Further Reading

Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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