American Homes 4 Rent (NYSE:AMH) Upgraded at Wolfe Research

Wolfe Research upgraded shares of American Homes 4 Rent (NYSE:AMH) from a peer perform rating to an outperform rating in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have $38.00 target price on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on AMH. Citigroup lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, June 6th. Evercore ISI reduced their target price on American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Morgan Stanley raised their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 19th. Barclays lowered their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, August 12th. Finally, The Goldman Sachs Group lowered shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $43.00 to $37.00 in a report on Wednesday, September 17th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.69.

American Homes 4 Rent Price Performance

American Homes 4 Rent stock opened at $32.62 on Thursday. The stock has a market capitalization of $12.10 billion, a P/E ratio of 29.38, a P/E/G ratio of 2.75 and a beta of 0.75. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $39.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s 50-day moving average is $34.37 and its two-hundred day moving average is $35.91.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The business had revenue of $457.50 million for the quarter, compared to the consensus estimate of $451.50 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. American Homes 4 Rent’s payout ratio is presently 108.11%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC purchased a new stake in American Homes 4 Rent during the first quarter worth approximately $29,000. Hantz Financial Services Inc. lifted its holdings in shares of American Homes 4 Rent by 922.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 747 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of American Homes 4 Rent by 171.1% during the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 532 shares in the last quarter. AlphaQuest LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter worth $33,000. Finally, Pandora Wealth Inc. acquired a new stake in American Homes 4 Rent in the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 91.87% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.