Royal Bank Of Canada Issues Positive Forecast for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its price target raised by Royal Bank Of Canada from $34.00 to $35.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

AMH has been the topic of several other reports. Keefe, Bruyette & Woods cut their price target on shares of American Homes 4 Rent from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Wells Fargo & Company lowered their price objective on shares of American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Citigroup lowered their price objective on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Scotiabank lowered their price objective on shares of American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 4th. Finally, Compass Point assumed coverage on shares of American Homes 4 Rent in a research report on Tuesday, April 28th. They issued a “buy” rating and a $37.50 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.94.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH opened at $32.03 on Friday. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 4.68 and a beta of 0.82. American Homes 4 Rent has a 12 month low of $27.22 and a 12 month high of $39.01. The firm’s 50-day moving average is $29.57 and its 200 day moving average is $30.92. The company has a current ratio of 0.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.67.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.18 by $0.30. The company had revenue of $472.02 million for the quarter, compared to the consensus estimate of $470.62 million. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Research analysts predict that American Homes 4 Rent will post 1.92 EPS for the current year.

American Homes 4 Rent Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, March 13th. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 107.32%.

Insider Buying and Selling

In other American Homes 4 Rent news, Director David Goldberg acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average price of $29.30 per share, for a total transaction of $58,600.00. Following the completion of the purchase, the director directly owned 36,723 shares of the company’s stock, valued at $1,075,983.90. The trade was a 5.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas N. Benham purchased 1,571 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were purchased at an average price of $24.00 per share, for a total transaction of $37,704.00. Following the transaction, the director owned 43,517 shares of the company’s stock, valued at $1,044,408. This trade represents a 3.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 6,771 shares of company stock worth $183,684 in the last 90 days. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Homes 4 Rent

A number of institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the fourth quarter valued at about $710,672,000. Bank of Montreal Can increased its position in shares of American Homes 4 Rent by 3,526.2% during the fourth quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock valued at $147,655,000 after acquiring an additional 4,472,998 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of American Homes 4 Rent by 19.8% during the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock valued at $528,736,000 after acquiring an additional 3,126,434 shares during the last quarter. AQR Capital Management LLC increased its position in shares of American Homes 4 Rent by 1,299.8% during the fourth quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust’s stock valued at $99,915,000 after acquiring an additional 2,890,263 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its position in shares of American Homes 4 Rent by 104.4% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust’s stock valued at $155,690,000 after acquiring an additional 2,477,585 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

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.