Barclays Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $33.00

American Homes 4 Rent (NYSE:AMH) had its target price trimmed by Barclays from $34.00 to $33.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

Several other research firms also recently weighed in on AMH. Wolfe Research raised American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Thursday, October 2nd. UBS Group lowered their price objective on shares of American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Scotiabank cut their target price on shares of American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. The Goldman Sachs Group set a $37.00 target price on shares of American Homes 4 Rent in a report on Monday, December 15th. Finally, Morgan Stanley dropped their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.19.

American Homes 4 Rent Stock Up 0.8%

Shares of NYSE AMH opened at $31.74 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $31.64 and its two-hundred day moving average is $33.34. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 3.00 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The business had revenue of $478.46 million during the quarter, compared to analyst estimates of $475.75 million. During the same period last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.30 dividend. The ex-dividend date of this dividend was 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 is currently 101.69%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were purchased at an average price of $31.65 per share, with a total value of $31,650.00. Following the completion of the acquisition, the director directly owned 7,991 shares of the company’s stock, valued at $252,915.15. This represents a 14.30% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack E. Corrigan purchased 5,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was acquired at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the purchase, the director 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 disclosure for this purchase is available in the SEC filing. 6.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter worth about $796,706,000. Lasalle Investment Management Securities LLC raised its holdings in American Homes 4 Rent by 76.1% during the third quarter. Lasalle Investment Management Securities LLC now owns 2,888,809 shares of the real estate investment trust’s stock worth $96,053,000 after purchasing an additional 1,248,131 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in American Homes 4 Rent by 102.9% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,372,586 shares of the real estate investment trust’s stock worth $78,888,000 after purchasing an additional 1,203,093 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of American Homes 4 Rent by 25.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock worth $175,270,000 after buying an additional 1,082,972 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of American Homes 4 Rent by 2,035.9% in the 2nd quarter. First Trust Advisors LP now owns 1,129,609 shares of the real estate investment trust’s stock valued at $40,745,000 after buying an additional 1,076,722 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

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.