American Homes 4 Rent (NYSE:AMH) Hits New 52-Week Low – Here’s What Happened

Shares of American Homes 4 Rent (NYSE:AMH) reached a new 52-week low on Wednesday . The company traded as low as $28.64 and last traded at $28.6660, with a volume of 500699 shares changing hands. The stock had previously closed at $29.52.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMH. The Goldman Sachs Group set a $37.00 price objective on American Homes 4 Rent in a research report on Monday, December 15th. Wells Fargo & Company lowered their price objective on American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Morgan Stanley cut their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. decreased their target price on shares of American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, January 12th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $37.00 price target on shares of American Homes 4 Rent in a research report on Friday, January 9th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Homes 4 Rent has an average rating of “Hold” and an average price target of $35.72.

American Homes 4 Rent Stock Performance

The company has a market cap of $10.47 billion, a P/E ratio of 24.40, a PEG ratio of 4.21 and a beta of 0.80. The business’s 50 day simple moving average is $31.05 and its 200 day simple moving average is $32.09. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.14). The business had revenue of $402.93 million for the quarter, compared to the consensus estimate of $459.24 million. American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Sell-side analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.33 per share. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. American Homes 4 Rent’s payout ratio is currently 111.86%.

Insiders Place Their Bets

In other American Homes 4 Rent news, Director David Goldberg purchased 2,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average price of $29.30 per share, for a total transaction of $58,600.00. Following the completion of the transaction, the director owned 36,723 shares of the company’s stock, valued at approximately $1,075,983.90. This trade represents a 5.76% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Douglas N. Benham purchased 1,571 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average cost of $24.00 per share, for a total transaction of $37,704.00. Following the purchase, the director owned 43,517 shares of the company’s stock, valued at $1,044,408. This represents a 3.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 6,771 shares of company stock valued at $183,684. 6.01% of the stock is currently owned by insiders.

Institutional Trading of American Homes 4 Rent

Several large investors have recently made changes to their positions in AMH. Norges Bank purchased a new position in American Homes 4 Rent during the fourth quarter valued at approximately $710,672,000. Bank of Montreal Can grew its position in American Homes 4 Rent by 3,526.2% during the fourth quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock valued at $147,655,000 after buying an additional 4,472,998 shares during the period. AQR Capital Management LLC increased its holdings in American Homes 4 Rent by 1,299.8% in the fourth quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust’s stock valued at $99,915,000 after buying an additional 2,890,263 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in American Homes 4 Rent by 104.4% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust’s stock valued at $155,690,000 after buying an additional 2,477,585 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of American Homes 4 Rent by 21,864.2% in the fourth quarter. M&T Bank Corp now owns 1,774,489 shares of the real estate investment trust’s stock worth $56,961,000 after acquiring an additional 1,766,410 shares during the period. 91.87% of the stock is owned by hedge funds and other 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.