American Homes 4 Rent (NYSE:AMH) Price Target Cut to $37.00 by Analysts at Wells Fargo & Company

American Homes 4 Rent (NYSE:AMH) had its price target trimmed by Wells Fargo & Company from $38.00 to $37.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Barclays lowered their price objective on shares of American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday. Mizuho cut their target price 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. The Goldman Sachs Group cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $43.00 to $37.00 in a report on Wednesday, September 17th. Finally, Wolfe Research upgraded shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Thursday, October 2nd. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.14.

American Homes 4 Rent Price Performance

AMH stock opened at $32.10 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.88 and a beta of 0.75. The company’s fifty day simple moving average is $32.52 and its 200 day simple moving average is $34.76. American Homes 4 Rent has a 12-month low of $31.01 and a 12-month high of $39.49.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $478.46 million during the quarter, compared to the consensus estimate of $475.75 million. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS. 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 year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Insider Activity

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was bought at an average cost of $31.65 per share, with a total value of $31,650.00. Following the completion of the transaction, the director directly owned 7,991 shares in the company, valued at approximately $252,915.15. The trade was a 14.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 6.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On American Homes 4 Rent

A number of hedge funds have recently added to or reduced their stakes in AMH. Wilmington Savings Fund Society FSB raised its stake in shares of American Homes 4 Rent by 10,728.6% in the third 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 during the last quarter. Hantz Financial Services Inc. raised its position in American Homes 4 Rent by 922.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 747 shares during the last quarter. AlphaQuest LLC purchased a new stake in American Homes 4 Rent in the 2nd quarter valued at $33,000. Parallel Advisors LLC lifted 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. Finally, Pandora Wealth Inc. purchased a new position in American Homes 4 Rent during the 1st quarter worth $38,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

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.