Scotiabank Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $31.00

American Homes 4 Rent (NYSE:AMH) had its price target cut by equities researchers at Scotiabank from $33.00 to $31.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price indicates a potential downside of 1.33% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Citigroup restated a “market outperform” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 5th. Royal Bank Of Canada boosted their price target on shares of American Homes 4 Rent from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Jefferies Financial Group upgraded shares of American Homes 4 Rent to a “strong-buy” rating in a report on Wednesday, July 22nd. Morgan Stanley lowered their price objective on shares of American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company boosted their target price on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.72.

American Homes 4 Rent Stock Performance

AMH stock traded up $0.04 on Thursday, reaching $31.42. The company’s stock had a trading volume of 418,390 shares, compared to its average volume of 3,228,281. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $35.07. The company has a market capitalization of $11.33 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 5.64 and a beta of 0.79. The firm has a fifty day moving average of $33.49 and a two-hundred day moving average of $31.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The firm had revenue of $470.10 million for the quarter, compared to the consensus estimate of $466.51 million. During the same quarter in the previous year, the business earned $0.47 EPS. The firm’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 1.930-1.970 EPS. As a group, analysts predict that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jack Corrigan acquired 8,000 shares of the business’s stock in a transaction on Friday, September 11th. The shares were purchased at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the acquisition, the director owned 25,000 shares in the company, valued at approximately $537,250. This represents a 47.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders bought 15,000 shares of company stock valued at $328,040. Company insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the second quarter valued at approximately $380,000. NewEdge Advisors LLC acquired a new position in American Homes 4 Rent in the 2nd quarter worth approximately $339,000. IFP Advisors Inc grew its position in American Homes 4 Rent by 233.6% during the 2nd quarter. IFP Advisors Inc now owns 5,608 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 3,927 shares in the last quarter. Squarepoint Ops LLC grew its position in American Homes 4 Rent by 69.4% during the 2nd quarter. Squarepoint Ops LLC now owns 308,015 shares of the real estate investment trust’s stock worth $10,325,000 after purchasing an additional 126,188 shares in the last quarter. Finally, Allworth Financial LP raised its stake in American Homes 4 Rent by 35.7% during the 2nd quarter. Allworth Financial LP now owns 32,101 shares of the real estate investment trust’s stock valued at $1,076,000 after purchasing an additional 8,448 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 real estate investment trust focused on owning, developing and operating single-family rental homes. The company leases homes to residents and manages the properties through a combination of in-house operations and technology-enabled services.

AMH’s activities include acquiring and developing homes, renovating properties, providing leasing and resident services, and maintaining its rental portfolio. Its homes are generally located in planned communities and other suburban markets designed to appeal to households seeking single-family living without homeownership.

Founded in 2012, American Homes 4 Rent serves communities across several U.S.