Citizens Jmp Reaffirms “Market Outperform” Rating for American Homes 4 Rent (NYSE:AMH)

American Homes 4 Rent (NYSE:AMH)‘s stock had its “market outperform” rating reissued by research analysts at Citizens Jmp in a report released on Wednesday,Benzinga reports. They presently have a $41.00 price target on the real estate investment trust’s stock. Citizens Jmp’s price target would indicate a potential upside of 28.97% from the company’s previous close.

AMH has been the subject of a number of other reports. Wells Fargo & Company dropped their price target on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Scotiabank lowered their target price on American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Wolfe Research upgraded shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Thursday, October 2nd. Mizuho reaffirmed a “neutral” rating and set a $32.00 price target (down previously from $33.00) on shares of American Homes 4 Rent in a research note on Thursday, January 8th. Finally, Evercore ISI lowered their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.44.

American Homes 4 Rent Stock Performance

AMH opened at $31.79 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 3.08 and a beta of 0.79. The company has a fifty day moving average of $31.66 and a 200 day moving average of $33.23. American Homes 4 Rent has a fifty-two week low of $28.84 and a fifty-two week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping 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 analysts’ expectations of $475.75 million. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jack E. Corrigan acquired 5,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average cost of $22.96 per share, with a total value of $114,800.00. Following the transaction, the director directly owned 17,300 shares of the company’s stock, valued at $397,208. This trade represents a 40.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas N. Benham acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was purchased at an average cost of $31.65 per share, with a total value of $31,650.00. Following the purchase, the director owned 7,991 shares of the company’s stock, valued at $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 6.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB raised its holdings 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 buying an additional 751 shares during the period. True Wealth Design LLC grew its position in American Homes 4 Rent by 230.8% in the 4th quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 577 shares during the last quarter. Hantz Financial Services Inc. increased its stake in American Homes 4 Rent by 922.2% in the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 747 shares during the period. AlphaQuest LLC bought a new stake in shares of American Homes 4 Rent during the second quarter worth $33,000. Finally, Parallel Advisors LLC boosted its stake in shares of 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 valued at $32,000 after purchasing an additional 442 shares during the period. Institutional investors own 91.87% of the company’s stock.

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.