Wells Fargo & Company Forecasts Strong Price Appreciation for American Homes 4 Rent (NYSE:AMH) Stock

American Homes 4 Rent (NYSE:AMH) had its price objective upped by Wells Fargo & Company from $34.00 to $36.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 10.62% from the stock’s current price.

A number of other equities analysts have also commented on AMH. Keefe, Bruyette & Woods raised their price target on American Homes 4 Rent from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Scotiabank lifted their target price on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on American Homes 4 Rent from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, March 20th. UBS Group cut their target price on American Homes 4 Rent from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Finally, Citizens Jmp decreased their target price on American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating for the company in a research report on Monday, February 23rd. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.08.

American Homes 4 Rent Stock Performance

NYSE AMH traded up $0.47 during trading hours on Monday, reaching $32.55. 256,592 shares of the company were exchanged, compared to its average volume of 3,920,848. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $37.90. The business’s 50 day simple moving average is $30.36 and its 200-day simple moving average is $30.85. The stock has a market capitalization of $11.74 billion, a P/E ratio of 26.43, a P/E/G ratio of 4.22 and a beta of 0.81. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67.

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 return on equity of 6.08% and a net margin of 25.27%.The business had revenue of $472.02 million for the quarter, compared to the consensus estimate of $470.62 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. American Homes 4 Rent’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, equities research analysts expect that American Homes 4 Rent will post 1.93 earnings per share for the current year.

Insider Activity

In other American Homes 4 Rent news, Director David Goldberg bought 2,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average cost of $29.30 per share, for a total transaction of $58,600.00. Following the purchase, the director owned 36,723 shares in the company, valued at approximately $1,075,983.90. This trade represents a 5.76% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack E. Corrigan purchased 2,041 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was acquired at an average price of $23.53 per share, with a total value of $48,024.73. Following the purchase, the director directly owned 17,000 shares of the company’s stock, valued at approximately $400,010. The trade was a 13.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 7,000 shares of company stock worth $175,624 over the last three months. 5.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Homes 4 Rent

A number of hedge funds have recently bought and sold shares of AMH. Axiom Investment Management LLC bought a new stake in shares of American Homes 4 Rent in the first quarter worth approximately $223,000. Bank of America Corp DE boosted its holdings in American Homes 4 Rent by 69.0% in the first quarter. Bank of America Corp DE now owns 1,609,254 shares of the real estate investment trust’s stock worth $44,930,000 after purchasing an additional 656,937 shares during the last quarter. Edgestream Partners L.P. raised its stake in American Homes 4 Rent by 1.2% during the 1st quarter. Edgestream Partners L.P. now owns 151,430 shares of the real estate investment trust’s stock valued at $4,228,000 after buying an additional 1,807 shares during the last quarter. Quantinno Capital Management LP raised its stake in American Homes 4 Rent by 76.1% during the 1st quarter. Quantinno Capital Management LP now owns 1,358,273 shares of the real estate investment trust’s stock valued at $37,923,000 after buying an additional 587,176 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of American Homes 4 Rent by 113.2% during the 1st quarter. Lazard Asset Management LLC now owns 57,092 shares of the real estate investment trust’s stock valued at $1,594,000 after buying an additional 30,315 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

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.