Citizens Jmp Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $37.00

American Homes 4 Rent (NYSE:AMH) had its target price lowered by Citizens Jmp from $41.00 to $37.00 in a report published on Monday,Benzinga reports. The firm currently has a market outperform rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the stock. Scotiabank decreased their target price 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 note on Wednesday, January 14th. The Goldman Sachs Group set a $37.00 price objective on shares of American Homes 4 Rent in a report on Monday, December 15th. JPMorgan Chase & Co. lowered their target price on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, January 12th. UBS Group dropped their target price on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, Barclays cut their price target on American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.69.

American Homes 4 Rent Trading Down 0.1%

Shares of AMH opened at $29.82 on Monday. American Homes 4 Rent has a 12 month low of $28.84 and a 12 month high of $39.49. The stock’s 50-day moving average is $31.38 and its two-hundred day moving average is $32.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.63 and a quick ratio of 0.41. The stock has a market cap of $11.07 billion, a PE ratio of 25.27, a P/E/G ratio of 4.26 and a beta of 0.80.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.14). The company had revenue of $402.93 million for the quarter, compared to analysts’ expectations of $459.24 million. American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, March 13th. American Homes 4 Rent’s payout ratio is 101.69%.

Insiders Place Their Bets

In other news, 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, for a total transaction of $114,800.00. Following the completion of the purchase, the director directly owned 17,300 shares of the company’s stock, valued at $397,208. This represents a 40.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in American Homes 4 Rent by 1,103.6% during the first 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 during the last quarter. Ethic Inc. acquired a new stake in shares of American Homes 4 Rent during the second quarter worth $770,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of American Homes 4 Rent by 6.9% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,020,916 shares of the real estate investment trust’s stock worth $72,894,000 after buying an additional 130,998 shares during the last quarter. AlphaQuest LLC bought a new position in shares of American Homes 4 Rent in the 2nd quarter worth about $33,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of American Homes 4 Rent by 9.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 406,932 shares of the real estate investment trust’s stock valued at $14,635,000 after buying an additional 34,073 shares during the period. 91.87% of the stock is currently owned by 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.