American Homes 4 Rent (NYSE:AMH) Price Target Raised to $37.00

American Homes 4 Rent (NYSE:AMH) had its target price upped by Royal Bank Of Canada from $36.00 to $37.00 in a research report report published on Monday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the company. Morgan Stanley decreased their price target on American Homes 4 Rent from $39.00 to $38.50 and set an “overweight” rating on the stock in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft set a $39.00 price objective on shares of American Homes 4 Rent in a research note on Friday, June 26th. Weiss Ratings upgraded shares of American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Jefferies Financial Group raised shares of American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Mizuho boosted their target price on shares of American Homes 4 Rent from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent has an average rating of “Moderate Buy” and a consensus price target of $36.69.

American Homes 4 Rent Trading Up 0.2%

Shares of American Homes 4 Rent stock opened at $34.59 on Monday. American Homes 4 Rent has a fifty-two week low of $27.22 and a fifty-two week high of $35.85. The firm has a market cap of $12.47 billion, a PE ratio of 27.45, a P/E/G ratio of 6.24 and a beta of 0.79. The business’s fifty day moving average is $33.23 and its two-hundred day moving average is $31.41. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.69.

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

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, June 15th. American Homes 4 Rent’s payout ratio is 104.76%.

Insider Buying and Selling

In other news, Director Jack E. Corrigan purchased 2,041 shares of the company’s stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the purchase, the director directly owned 17,000 shares of the company’s stock, valued at $400,010. The trade was a 13.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 5,000 shares of company stock worth $117,024 in the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB increased its position in American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 751 shares in the last quarter. IFP Advisors Inc lifted its position in American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 441 shares in the last quarter. Parallel Advisors LLC grew its stake in American Homes 4 Rent by 84.8% during the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 442 shares during the period. Bessemer Group Inc. grew its stake in American Homes 4 Rent by 70.3% during the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 483 shares during the period. Finally, Prosperity Bancshares Inc acquired a new stake in shares of American Homes 4 Rent in the fourth quarter worth $35,000. 91.87% of the stock is owned by institutional investors and hedge funds.

About American Homes 4 Rent

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.