Scotiabank Lowers American Homes 4 Rent (NYSE:AMH) Price Target to $33.00

American Homes 4 Rent (NYSE:AMH) had its target price reduced by equities researchers at Scotiabank from $35.00 to $33.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price would indicate a potential upside of 5.21% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. The Goldman Sachs Group set a $37.00 price target on shares of American Homes 4 Rent in a research report on Monday, December 15th. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Mizuho reiterated a “neutral” rating and set a $32.00 price target (down previously from $33.00) on shares of American Homes 4 Rent in a research note on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.19.

American Homes 4 Rent Stock Up 1.0%

Shares of NYSE:AMH traded up $0.33 during mid-day trading on Wednesday, hitting $31.37. 2,186,834 shares of the company traded hands, compared to its average volume of 5,871,848. The stock has a 50-day moving average price of $31.66 and a two-hundred day moving average price of $33.37. American Homes 4 Rent has a 12-month low of $28.84 and a 12-month high of $39.49. The stock has a market cap of $11.64 billion, a P/E ratio of 26.59, a P/E/G ratio of 2.95 and a beta of 0.79. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62.

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 for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $478.46 million for the quarter, compared to analysts’ expectations of $475.75 million. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Activity

In other news, Director Douglas N. Benham purchased 1,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average cost of $31.65 per share, with a total value of $31,650.00. Following the completion of the acquisition, the director owned 7,991 shares in the company, valued at $252,915.15. This represents a 14.30% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jack E. Corrigan acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average price of $22.96 per share, with a total value of $114,800.00. Following the completion of the transaction, the director directly owned 17,300 shares of the company’s stock, valued at $397,208. This trade represents a 40.65% increase in their position. The SEC filing for this purchase provides additional information. 6.01% of the stock is owned by company insiders.

Institutional Trading of American Homes 4 Rent

Institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in shares of American Homes 4 Rent in the 2nd quarter worth approximately $311,000. Tectonic Advisors LLC grew its holdings in shares of American Homes 4 Rent by 69.9% during the 3rd quarter. Tectonic Advisors LLC now owns 88,306 shares of the real estate investment trust’s stock valued at $2,936,000 after purchasing an additional 36,323 shares during the last quarter. SG Americas Securities LLC raised its position in American Homes 4 Rent by 1,062.5% in the 3rd quarter. SG Americas Securities LLC now owns 162,675 shares of the real estate investment trust’s stock worth $5,409,000 after purchasing an additional 148,682 shares during the period. Capital Investment Advisors LLC bought a new stake in American Homes 4 Rent in the third quarter worth $9,217,000. Finally, Pacer Advisors Inc. boosted its position in American Homes 4 Rent by 608,877.8% during the third quarter. Pacer Advisors Inc. now owns 54,808 shares of the real estate investment trust’s stock valued at $1,822,000 after buying an additional 54,799 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

About American Homes 4 Rent

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.