American Homes 4 Rent (NYSE:AMH) Given New $34.00 Price Target at Wells Fargo & Company

American Homes 4 Rent (NYSE:AMH) had its price target decreased by Wells Fargo & Company from $37.00 to $34.00 in a research report report published on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on AMH. Keefe, Bruyette & Woods reduced their price objective on shares of American Homes 4 Rent from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Mizuho reiterated a “neutral” rating and issued a $32.00 target price (down from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th. Wall Street Zen lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Sunday, January 18th. JPMorgan Chase & Co. decreased their price target on shares of American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, January 12th. Finally, UBS Group lowered their price target on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.91.

American Homes 4 Rent Stock Performance

AMH opened at $29.98 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $10.91 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 4.29 and a beta of 0.80. The stock has a 50-day moving average of $31.19 and a 200-day moving average of $32.24. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.14). The company had revenue of $402.93 million during the quarter, compared to the consensus estimate of $459.24 million. American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, March 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 5,000 shares of the business’s stock in a transaction on 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 acquisition, the director directly owned 17,300 shares in the company, valued at approximately $397,208. The trade was a 40.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Goldberg acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average cost of $29.17 per share, for a total transaction of $58,340.00. Following the acquisition, the director directly owned 34,723 shares in the company, valued at $1,012,869.91. This represents a 6.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 9,771 shares of company stock worth $239,884 over the last three months. Company insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tobam bought a new position in shares of American Homes 4 Rent during the 4th quarter worth about $656,000. Kera Capital Partners Inc. bought a new stake in American Homes 4 Rent in the fourth quarter valued at about $527,000. Invesco Ltd. increased its stake in 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 acquiring an additional 1,425,912 shares during the period. Corient Private Wealth LLC raised its position in American Homes 4 Rent by 162.5% in the fourth quarter. Corient Private Wealth LLC now owns 44,196 shares of the real estate investment trust’s stock worth $1,419,000 after purchasing an additional 27,359 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in American Homes 4 Rent by 192.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 73,865 shares of the real estate investment trust’s stock worth $2,371,000 after purchasing an additional 48,627 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.