American Homes 4 Rent (NYSE:AMH) Receives $38.14 Consensus PT from Brokerages

Shares of American Homes 4 Rent (NYSE:AMH) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $38.1429.

A number of analysts have recently commented on AMH shares. Evercore ISI cut their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a research note on Monday, December 15th. Barclays cut their price target on shares of American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Finally, Scotiabank decreased their price objective on shares of American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th.

American Homes 4 Rent Stock Up 2.7%

AMH opened at $32.38 on Friday. The company has a fifty day moving average of $31.73 and a two-hundred day moving average of $33.55. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 2.81 and a beta of 0.79. American Homes 4 Rent has a fifty-two week low of $30.11 and a fifty-two week high of $39.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The business had revenue of $478.46 million for the quarter, compared to analyst estimates of $475.75 million. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 101.69%.

Insider Activity

In other news, Director Douglas N. Benham acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were bought at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the acquisition, the director owned 7,991 shares in the company, valued at approximately $252,915.15. This represents a 14.30% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack E. Corrigan bought 5,000 shares of American Homes 4 Rent stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of $22.96 per share, with a total value of $114,800.00. Following the acquisition, the director directly owned 17,300 shares of the company’s stock, valued at approximately $397,208. The trade was a 40.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 6.01% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMH. Amundi boosted its stake in American Homes 4 Rent by 6.1% during the 1st quarter. Amundi now owns 581,454 shares of the real estate investment trust’s stock worth $21,618,000 after purchasing an additional 33,594 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of American Homes 4 Rent by 1.9% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 86,978 shares of the real estate investment trust’s stock worth $3,289,000 after buying an additional 1,628 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in American Homes 4 Rent by 0.4% during the first quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust’s stock worth $3,841,000 after acquiring an additional 400 shares during the last quarter. Jones Financial Companies Lllp boosted its position in American Homes 4 Rent by 1,103.6% during the first quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock worth $493,000 after acquiring an additional 11,963 shares during the last quarter. Finally, Adelante Capital Management LLC grew its stake in American Homes 4 Rent by 9.0% during the 1st quarter. Adelante Capital Management LLC now owns 913,578 shares of the real estate investment trust’s stock valued at $34,542,000 after acquiring an additional 75,775 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

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.