American Homes 4 Rent (NYSE:AMH – Free Report) had its target price trimmed by Scotiabank from $33.00 to $31.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.
AMH has been the subject of several other reports. UBS Group increased their price target on shares of American Homes 4 Rent from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wells Fargo & Company boosted their price objective on shares of 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. BMO Capital Markets raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a research report on Friday, June 26th. Jefferies Financial Group upgraded shares of American Homes 4 Rent to a “strong-buy” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley cut their price target on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and an average target price of $36.72.
American Homes 4 Rent Stock Performance
American Homes 4 Rent (NYSE:AMH – Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.13. The business 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 revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.
American Homes 4 Rent Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. American Homes 4 Rent’s payout ratio is 104.76%.
Insider Activity
In other news, Director Jack Corrigan bought 8,000 shares of American Homes 4 Rent stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the purchase, the director directly owned 25,000 shares of the company’s stock, valued at approximately $537,250. The trade was a 47.06% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders acquired 15,000 shares of company stock valued at $328,040. 5.70% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On American Homes 4 Rent
A number of institutional investors and hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at $380,000. NewEdge Advisors LLC acquired a new position in American Homes 4 Rent during the second quarter valued at $339,000. IFP Advisors Inc lifted its position in American Homes 4 Rent by 233.6% during the second quarter. IFP Advisors Inc now owns 5,608 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 3,927 shares during the period. Squarepoint Ops LLC lifted its position in American Homes 4 Rent by 69.4% during the second quarter. Squarepoint Ops LLC now owns 308,015 shares of the real estate investment trust’s stock valued at $10,325,000 after purchasing an additional 126,188 shares during the period. Finally, Allworth Financial LP boosted its holdings in American Homes 4 Rent by 35.7% in the second quarter. Allworth Financial LP now owns 32,101 shares of the real estate investment trust’s stock valued at $1,076,000 after purchasing an additional 8,448 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE:AMH) is a real estate investment trust focused on owning, developing and operating single-family rental homes. The company leases homes to residents and manages the properties through a combination of in-house operations and technology-enabled services.
AMH’s activities include acquiring and developing homes, renovating properties, providing leasing and resident services, and maintaining its rental portfolio. Its homes are generally located in planned communities and other suburban markets designed to appeal to households seeking single-family living without homeownership.
Founded in 2012, American Homes 4 Rent serves communities across several U.S.
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