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

American Homes 4 Rent (NYSE:AMH) had its price target upped by analysts at Scotiabank from $32.00 to $33.00 in a report released on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price points to a potential upside of 3.05% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays lifted their price target on American Homes 4 Rent from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. Citizens Jmp cut their price objective on American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating on the stock in a research report on Monday, February 23rd. Keefe, Bruyette & Woods upped their price objective on American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada raised their target price on American Homes 4 Rent from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of “Hold” and a consensus price target of $35.58.

American Homes 4 Rent Stock Up 0.6%

American Homes 4 Rent stock traded up $0.19 during midday trading on Thursday, hitting $32.02. 473,646 shares of the stock were exchanged, compared to its average volume of 3,750,515. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $37.06. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $31.58 and its 200-day moving average price is $30.92. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 4.37 and a beta of 0.81.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The firm had revenue of $472.02 million during the quarter, compared to analyst estimates of $470.62 million. During the same quarter last year, the business posted $0.46 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, research analysts expect that American Homes 4 Rent will post 1.88 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jack E. Corrigan acquired 2,041 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the purchase, the director owned 17,000 shares in the company, valued at approximately $400,010. This trade represents a 13.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 5,000 shares of company stock valued at $117,024 in the last quarter. 5.70% of the stock is currently owned by corporate insiders.

Institutional Trading of American Homes 4 Rent

Several hedge funds have recently made changes to their positions in AMH. Centersquare Investment Management LLC raised its stake in American Homes 4 Rent by 25.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock valued at $175,270,000 after acquiring an additional 1,082,972 shares during the period. Vanguard Group Inc. boosted its position in American Homes 4 Rent by 0.6% during the third quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock worth $1,486,798,000 after purchasing an additional 246,713 shares during the period. Aew Capital Management L P boosted its position in American Homes 4 Rent by 56.0% during the third quarter. Aew Capital Management L P now owns 2,064,622 shares of the real estate investment trust’s stock worth $68,649,000 after purchasing an additional 741,388 shares during the period. M&T Bank Corp increased its stake in shares of American Homes 4 Rent by 386.9% in the fourth quarter. M&T Bank Corp now owns 39,333 shares of the real estate investment trust’s stock worth $1,262,000 after purchasing an additional 31,254 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of American Homes 4 Rent by 311.2% in the third quarter. Schroder Investment Management Group now owns 1,374,162 shares of the real estate investment trust’s stock valued at $44,619,000 after purchasing an additional 1,040,001 shares during the period. 91.87% of the stock is currently owned by institutional investors.

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.