Citizens Jmp Lowers American Homes 4 Rent (NYSE:AMH) Price Target to $37.00

American Homes 4 Rent (NYSE:AMH) had its price objective reduced by investment analysts at Citizens Jmp from $41.00 to $37.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s price target would indicate a potential upside of 25.24% from the stock’s previous close.

A number of other research firms have also weighed in on AMH. Wells Fargo & Company dropped their price target on shares of American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. UBS Group dropped their target price on shares of American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Keefe, Bruyette & Woods raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 target price for the company in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. decreased their price target on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.19.

American Homes 4 Rent Stock Down 4.3%

Shares of NYSE:AMH opened at $29.54 on Monday. The business’s 50 day moving average is $31.49 and its 200 day moving average is $32.50. American Homes 4 Rent has a 12-month low of $28.84 and a 12-month high of $39.49. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 2.83 and a beta of 0.80. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 0.66.

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

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the purchase, the director owned 17,300 shares of the company’s stock, valued at $397,208. The trade was a 40.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Homes 4 Rent

A number of large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its stake in American Homes 4 Rent by 67.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 125,412 shares of the real estate investment trust’s stock worth $4,170,000 after purchasing an additional 50,587 shares in the last quarter. 12th Street Asset Management Company LLC grew its position in shares of American Homes 4 Rent by 64.3% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 158,081 shares of the real estate investment trust’s stock valued at $5,256,000 after purchasing an additional 61,838 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of American Homes 4 Rent by 24.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,506,317 shares of the real estate investment trust’s stock worth $83,335,000 after purchasing an additional 485,401 shares during the period. Retirement Systems of Alabama raised its position in shares of American Homes 4 Rent by 13.3% in the third quarter. Retirement Systems of Alabama now owns 910,363 shares of the real estate investment trust’s stock worth $30,270,000 after buying an additional 106,550 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of American Homes 4 Rent by 608,877.8% in the third quarter. Pacer Advisors Inc. now owns 54,808 shares of the real estate investment trust’s stock worth $1,822,000 after buying an additional 54,799 shares in the last quarter. 91.87% of the stock is owned by institutional investors.

About American Homes 4 Rent

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.