Analysts Set American Homes 4 Rent (NYSE:AMH) Price Target at $38.14

Shares of American Homes 4 Rent (NYSE:AMH) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $38.1429.

Several analysts have recently commented on AMH shares. Barclays decreased their price objective on American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Mizuho reduced their target price on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group set a $37.00 price target on American Homes 4 Rent in a research note on Monday. Finally, Wolfe Research raised shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Thursday, October 2nd.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack E. Corrigan acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average cost of $22.96 per share, with a total value of $114,800.00. Following the completion of the acquisition, the director directly owned 17,300 shares of the company’s stock, valued at $397,208. This represents a 40.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas N. Benham bought 1,000 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average price of $31.65 per share, with a total value of $31,650.00. Following the purchase, the director directly owned 7,991 shares in the company, valued at $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 6.01% of the company’s stock.

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. Vanguard Group Inc. increased its holdings in American Homes 4 Rent by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock worth $1,486,798,000 after buying an additional 246,713 shares during the period. Norges Bank acquired a new stake in American Homes 4 Rent during the 2nd quarter valued at approximately $796,706,000. State Street Corp boosted its holdings in shares of American Homes 4 Rent by 2.2% in the 3rd quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after acquiring an additional 399,894 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of American Homes 4 Rent by 15.2% in the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock worth $601,169,000 after acquiring an additional 2,094,497 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of American Homes 4 Rent by 0.4% during the second quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock worth $250,566,000 after purchasing an additional 31,179 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Performance

AMH stock opened at $31.41 on Wednesday. American Homes 4 Rent has a one year low of $30.11 and a one year high of $39.49. The firm has a market cap of $11.66 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 2.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a 50-day simple moving average of $32.04 and a two-hundred day simple moving average of $34.06.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The firm had revenue of $478.46 million for the quarter, compared to the consensus estimate of $475.75 million. During the same quarter in the previous year, the firm earned $0.44 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, equities analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 101.69%.

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.