American Homes 4 Rent (NYSE:AMH – Get Free Report) had its price objective cut by equities researchers at Keefe, Bruyette & Woods from $37.00 to $35.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 17.39% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Morgan Stanley dropped their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, November 13th. JPMorgan Chase & Co. reduced their target price on shares of American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, January 12th. BMO Capital Markets restated a “market perform” rating and set a $37.00 target price on shares of American Homes 4 Rent in a research note on Friday, January 9th. Barclays lowered their price target on shares of American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Finally, Scotiabank dropped their price target on shares of 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. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Hold” and an average target price of $36.69.
Read Our Latest Report on American Homes 4 Rent
American Homes 4 Rent Price Performance
American Homes 4 Rent (NYSE:AMH – Get Free Report) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.14). American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.The firm had revenue of $402.93 million during the quarter, compared to analysts’ expectations of $459.24 million. During the same period in the previous year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, equities analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.
Insider Transactions at American Homes 4 Rent
In related news, Director Jack E. Corrigan acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was acquired at an average cost of $22.96 per share, with a total value of $114,800.00. Following the acquisition, the director directly owned 17,300 shares in the company, valued at $397,208. This represents a 40.65% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.01% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On American Homes 4 Rent
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in American Homes 4 Rent by 1,103.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 11,963 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of American Homes 4 Rent in the second quarter worth about $33,000. Envestnet Asset Management Inc. lifted its position in shares of American Homes 4 Rent by 9.1% in the second quarter. Envestnet Asset Management Inc. now owns 406,932 shares of the real estate investment trust’s stock worth $14,635,000 after buying an additional 34,073 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in American Homes 4 Rent by 54.5% during the second quarter. Teacher Retirement System of Texas now owns 147,511 shares of the real estate investment trust’s stock valued at $5,321,000 after buying an additional 52,053 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in American Homes 4 Rent by 8.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 75,500 shares of the real estate investment trust’s stock valued at $2,723,000 after buying an additional 6,000 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.
American Homes 4 Rent Company Profile
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.
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