American Homes 4 Rent (NYSE:AMH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a research report released on Saturday.

Other equities analysts have also issued research reports about the company. Scotiabank reduced their target price on American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating for the company in a research note on Monday, November 10th. Barclays dropped their price target on shares of American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. UBS Group reduced their target price on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Mizuho reiterated a “neutral” rating and issued a $32.00 price objective (down from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th. Finally, Evercore ISI lowered their target price on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $37.59.

American Homes 4 Rent Trading Down 0.0%

Shares of NYSE:AMH opened at $31.01 on Friday. American Homes 4 Rent has a 12-month low of $28.84 and a 12-month high of $39.49. The business’s fifty day simple moving average is $31.68 and its 200-day simple moving average is $33.40. The company has a market capitalization of $11.51 billion, a PE ratio of 26.28, a P/E/G ratio of 2.77 and a beta of 0.79. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62.

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

American Homes 4 Rent Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, December 15th. American Homes 4 Rent’s dividend payout ratio is currently 101.69%.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of $22.96 per share, with a total value of $114,800.00. Following the completion of the purchase, the director owned 17,300 shares of the company’s stock, valued at $397,208. This represents a 40.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Douglas N. Benham acquired 1,000 shares of the stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average cost of $31.65 per share, with a total value of $31,650.00. Following the purchase, the director owned 7,991 shares of the company’s stock, valued at approximately $252,915.15. This trade represents a 14.30% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 6.01% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMH. AE Wealth Management LLC grew its holdings in American Homes 4 Rent by 7.3% during the 3rd quarter. AE Wealth Management LLC now owns 6,149 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 418 shares in the last quarter. Assetmark Inc. increased its holdings in American Homes 4 Rent by 21.6% in the third quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 420 shares during the last quarter. Parallel Advisors LLC raised its stake in American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 442 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in American Homes 4 Rent by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 74,825 shares of the real estate investment trust’s stock worth $2,699,000 after buying an additional 447 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of American Homes 4 Rent by 2.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 21,178 shares of the real estate investment trust’s stock worth $704,000 after acquiring an additional 469 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other 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.