American Homes 4 Rent (NYSE:AMH) Price Target Raised to $38.00

American Homes 4 Rent (NYSE:AMH) had its target price hoisted by Wells Fargo & Company from $36.00 to $38.00 in a research report report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

Several other research analysts have also recently weighed in on the stock. Scotiabank boosted their price objective on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Weiss Ratings upgraded American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. UBS Group boosted their price objective 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. Royal Bank Of Canada increased their target price on shares of American Homes 4 Rent from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group raised American Homes 4 Rent to a “strong-buy” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.78.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $33.80 on Monday. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $12.19 billion, a P/E ratio of 26.83, a PEG ratio of 6.12 and a beta of 0.79. The stock’s 50 day moving average is $33.44 and its 200 day moving average is $31.49.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. The business had revenue of $470.10 million for the quarter, compared to the consensus estimate of $466.51 million. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, equities research analysts predict that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jack E. Corrigan bought 2,041 shares of American Homes 4 Rent stock in a transaction dated Monday, May 18th. The shares were purchased at an average cost of $23.53 per share, with a total value of $48,024.73. Following the completion of the acquisition, the director owned 17,000 shares of the company’s stock, valued at $400,010. This trade represents a 13.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors have recently added to or reduced their stakes in AMH. M&T Bank Corp increased its position in shares of American Homes 4 Rent by 386.9% in the 4th quarter. M&T Bank Corp now owns 39,333 shares of the real estate investment trust’s stock valued at $1,262,000 after acquiring an additional 31,254 shares during the period. Principal Financial Group Inc. lifted its position in American Homes 4 Rent by 8.7% during the 4th quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust’s stock worth $507,532,000 after acquiring an additional 1,260,717 shares during the period. Louisiana State Employees Retirement System acquired a new stake in American Homes 4 Rent during the 1st quarter worth about $2,638,000. Strs Ohio grew its stake in American Homes 4 Rent by 50.5% during the 4th quarter. Strs Ohio now owns 246,263 shares of the real estate investment trust’s stock valued at $7,905,000 after purchasing an additional 82,615 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its stake in American Homes 4 Rent by 8.2% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 4,556,397 shares of the real estate investment trust’s stock valued at $146,260,000 after purchasing an additional 346,960 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

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.