Keefe, Bruyette & Woods Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $37.00

American Homes 4 Rent (NYSE:AMH) had its price objective reduced by equities researchers at Keefe, Bruyette & Woods from $40.00 to $37.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 15.07% from the stock’s previous close.

Other analysts have also issued reports about the company. Evercore ISI dropped their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Morgan Stanley lifted their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Barclays dropped their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. Mizuho lowered their target price on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company lowered their target price on American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, October 13th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.07.

American Homes 4 Rent Stock Up 1.2%

Shares of NYSE:AMH opened at $32.16 on Wednesday. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 2.90 and a beta of 0.75. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. American Homes 4 Rent has a 12-month low of $31.01 and a 12-month high of $39.49. The business’s 50 day moving average is $33.34 and its 200 day moving average is $35.37.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of ($916.78) million for the quarter, compared to analysts’ expectations of $475.75 million. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.American Homes 4 Rent’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. Norges Bank purchased a new position in American Homes 4 Rent during the second quarter worth about $796,706,000. Nuveen LLC purchased a new position in American Homes 4 Rent during the first quarter worth about $113,669,000. Deutsche Bank AG grew its position in American Homes 4 Rent by 336.7% during the first quarter. Deutsche Bank AG now owns 3,079,945 shares of the real estate investment trust’s stock worth $116,453,000 after buying an additional 2,374,678 shares in the last quarter. JPMorgan Chase & Co. grew its position in American Homes 4 Rent by 15.2% during the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock worth $601,169,000 after buying an additional 2,094,497 shares in the last quarter. Finally, Centersquare Investment Management LLC grew its position in American Homes 4 Rent by 283.7% during the first quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust’s stock worth $69,020,000 after buying an additional 1,349,634 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 operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.