American Homes 4 Rent (NYSE:AMH) Price Target Raised to $37.00 at Royal Bank Of Canada

American Homes 4 Rent (NYSE:AMH) had its target price increased by equities research analysts at Royal Bank Of Canada from $36.00 to $37.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 8.11% from the company’s current price.

Several other brokerages also recently issued reports on AMH. UBS Group upped their target price on shares of American Homes 4 Rent from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Raymond James Financial upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Monday, May 18th. Scotiabank lifted their target price on American Homes 4 Rent from $32.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Keefe, Bruyette & Woods upped their price target on American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Finally, Mizuho lifted their price objective on American Homes 4 Rent from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average target price of $36.58.

American Homes 4 Rent Stock Up 2.4%

Shares of NYSE:AMH traded up $0.80 on Monday, hitting $34.22. 284,433 shares of the company traded hands, compared to its average volume of 3,446,771. The stock has a 50 day simple moving average of $33.08 and a 200-day simple moving average of $31.34. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.69. The company has a market cap of $12.34 billion, a PE ratio of 27.15, a PEG ratio of 4.51 and a beta of 0.79. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $35.85.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. The company had revenue of $470.10 million for the quarter, compared to analysts’ expectations of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. American Homes 4 Rent’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, research analysts expect that American Homes 4 Rent will post 1.88 earnings per share for the current year.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan acquired 2,041 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average price of $23.53 per share, with a total value of $48,024.73. Following the transaction, the director directly owned 17,000 shares in the company, valued at approximately $400,010. The trade was a 13.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have acquired 5,000 shares of company stock worth $117,024. Company insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMH. Commonwealth Equity Services LLC grew its stake in shares of American Homes 4 Rent by 3.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,797 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 321 shares during the period. Vanderbilt University lifted its holdings in American Homes 4 Rent by 1.5% during the first quarter. Vanderbilt University now owns 23,385 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 346 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in shares of American Homes 4 Rent by 3.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 424 shares during the period. Assetmark Inc. increased its stake in shares of American Homes 4 Rent by 7.2% in the first quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 431 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of American Homes 4 Rent by 122.2% in the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 441 shares in the last quarter. 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.