American Homes 4 Rent (NYSE:AMH) Price Target Cut to $35.00 by Analysts at Royal Bank Of Canada

American Homes 4 Rent (NYSE:AMH) had its price objective decreased by investment analysts at Royal Bank Of Canada from $37.00 to $35.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 14.24% from the stock’s current price.

Several other analysts also recently weighed in on the company. Citigroup reaffirmed a “market outperform” rating on shares of American Homes 4 Rent in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their price target on American Homes 4 Rent from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 19th. Wells Fargo & Company increased their price target on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Barclays raised their price target on American Homes 4 Rent from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.41.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH traded down $0.05 during midday trading on Tuesday, hitting $30.64. 288,053 shares of the company’s stock were exchanged, compared to its average volume of 3,250,167. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. The stock’s 50 day moving average price is $32.44 and its 200-day moving average price is $32.09. The firm has a market cap of $11.05 billion, a P/E ratio of 24.30, a PEG ratio of 5.84 and a beta of 0.77. American Homes 4 Rent has a twelve month low of $27.22 and a twelve month high of $35.07.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data 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. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%. The business had revenue of $470.10 million during the quarter, compared to analyst estimates of $466.51 million. During the same period in the prior year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Equities research analysts anticipate that American Homes 4 Rent will post 1.91 EPS for the current year.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack Corrigan acquired 8,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of $21.49 per share, for a total transaction of $171,920.00. Following the completion of the acquisition, the director directly owned 25,000 shares of the company’s stock, valued at approximately $537,250. The trade was a 47.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have purchased 15,000 shares of company stock valued at $328,040. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in American Homes 4 Rent by 70.3% in the 1st quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 483 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of American Homes 4 Rent by 7,231.6% during the 1st quarter. Root Financial Partners LLC now owns 1,393 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,374 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of American Homes 4 Rent by 199.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,441 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 959 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of American Homes 4 Rent by 393.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 2,131 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of American Homes 4 Rent by 70.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,941 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 1,213 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 real estate investment trust that owns, develops, acquires, leases and manages single-family rental homes in the United States. The company provides professionally managed rental housing, offering residents detached homes with features such as multiple bedrooms, private outdoor space and access to online leasing and maintenance services.

Founded in 2012, American Homes 4 Rent has built a portfolio through home acquisitions and the development of purpose-built rental communities.