American Homes 4 Rent (NYSE:AMH) Stock Gets Price Target Cut from Wells Fargo & Company

by · The Markets Daily

American Homes 4 Rent (NYSE:AMH – Free Report) had its price target lowered by Wells Fargo & Company from $38.00 to $34.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Morgan Stanley reduced their price target on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 12th. UBS Group reduced their price target on shares of American Homes 4 Rent from $35.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Mizuho raised shares of American Homes 4 Rent from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $35.00 to $36.00 in a research note on Monday, September 21st. Finally, Scotiabank lowered their price objective on shares of American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average price target of $36.12.

Check Out Our Latest Stock Report on AMH

American Homes 4 Rent Stock Down 0.7%

AMH stock opened at $30.94 on Monday. The company has a market cap of $11.16 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 4.75 and a beta of 0.77. The business has a 50-day simple moving average of $31.96 and a 200 day simple moving average of $32.24. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $35.07. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.69.

American Homes 4 Rent (NYSE:AMH – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.13. The business had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. American Homes 4 Rent’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Sell-side analysts anticipate that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio is currently 104.76%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director Jack Corrigan acquired 8,000 shares of American Homes 4 Rent stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average cost of $21.49 per share, with a total value of $171,920.00. Following the completion of the purchase, the director directly owned 25,000 shares of the company’s stock, valued at $537,250. This represents a 47.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders bought 15,000 shares of company stock valued at $328,040 over the last quarter. Company insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanderbilt University lifted its holdings in shares of American Homes 4 Rent by 1.5% in the first quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 346 shares during the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of American Homes 4 Rent by 3.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 424 shares during the last quarter. Assetmark Inc. grew its holdings in shares of American Homes 4 Rent by 7.2% during the 1st quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 431 shares during the last quarter. Abel Hall LLC grew its holdings in shares of American Homes 4 Rent by 2.8% during the 3rd quarter. Abel Hall LLC now owns 17,159 shares of the real estate investment trust’s stock valued at $521,000 after purchasing an additional 469 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in American Homes 4 Rent by 70.3% during the 1st quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 483 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

(Get Free Report)

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.

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