American Homes 4 Rent (NYSE:AMH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of American Homes 4 Rent (NYSE:AMH) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other research analysts have also recently issued reports on AMH. The Goldman Sachs Group cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $43.00 to $37.00 in a report on Wednesday, September 17th. Mizuho dropped their price objective on shares of 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. Barclays cut their price objective on shares of American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, October 8th. Finally, Morgan Stanley cut their price target on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, November 13th. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average price target of $38.14.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH opened at $31.39 on Friday. 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 52 week low of $30.11 and a 52 week high of $39.49. The firm has a fifty day simple moving average of $32.06 and a two-hundred day simple moving average of $34.11. The stock has a market capitalization of $11.65 billion, a P/E ratio of 26.60, a PEG ratio of 2.92 and a beta of 0.80.

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 for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The business had revenue of $478.46 million for the quarter, compared to the consensus estimate of $475.75 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. American Homes 4 Rent’s payout ratio is presently 101.69%.

Insider Activity

In other news, Director Douglas N. Benham acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were bought at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the acquisition, the director owned 7,991 shares in the company, valued at approximately $252,915.15. This represents a 14.30% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack E. Corrigan acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average price of $22.96 per share, with a total value of $114,800.00. Following the completion of the purchase, the director owned 17,300 shares in the company, valued at $397,208. This represents a 40.65% increase in their position. The SEC filing for this purchase provides additional information. 6.01% of the stock is owned by company insiders.

Institutional Trading of American Homes 4 Rent

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB grew its holdings in shares of American Homes 4 Rent by 10,728.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 751 shares in the last quarter. Hantz Financial Services Inc. boosted its position in American Homes 4 Rent by 922.2% during the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 747 shares during the last quarter. Parallel Advisors LLC grew its stake in American Homes 4 Rent by 84.8% during the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 442 shares in the last quarter. AlphaQuest LLC acquired a new stake in American Homes 4 Rent in the 2nd quarter valued at about $33,000. Finally, SVB Wealth LLC acquired a new stake in American Homes 4 Rent in the 1st quarter valued at about $42,000. 91.87% of the stock is owned by institutional investors and hedge funds.

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.