American Homes 4 Rent (NYSE:AMH – Get Free Report) had its target price raised by investment analysts at JPMorgan Chase & Co. from $35.00 to $38.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 11.29% from the company’s current price.
Several other research analysts have also recently commented on the stock. Wells Fargo & Company increased their target price on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Scotiabank lifted their price target on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of American Homes 4 Rent in a research note on Friday, June 26th. Finally, UBS Group raised their price objective on American Homes 4 Rent from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $36.83.
Get Our Latest Research Report on AMH
American Homes 4 Rent Stock Up 1.4%
American Homes 4 Rent (NYSE:AMH – Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.18 by $0.13. The firm had revenue of $470.10 million for the quarter, compared to analysts’ expectations of $466.51 million. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, analysts expect that American Homes 4 Rent will post 1.88 EPS 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 the business. Norges Bank acquired a new stake in American Homes 4 Rent during the 4th quarter valued at $710,672,000. Principal Financial Group Inc. increased its holdings in shares of American Homes 4 Rent by 19.8% in the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock valued at $528,736,000 after purchasing an additional 3,126,434 shares during the last quarter. State Street Corp increased its holdings in shares of American Homes 4 Rent by 2.2% in the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after purchasing an additional 399,894 shares during the last quarter. Geode Capital Management LLC raised its position in shares of American Homes 4 Rent by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust’s stock valued at $235,572,000 after purchasing an additional 161,676 shares during the period. Finally, Invesco Ltd. raised its position in shares of American Homes 4 Rent by 30.1% in the fourth quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust’s stock valued at $197,789,000 after purchasing an additional 1,425,912 shares during the period. Institutional investors own 91.87% of the company’s stock.
American Homes 4 Rent Company Profile
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.
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