Royal Bank Of Canada Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $35.00

American Homes 4 Rent (NYSE:AMH) had its target price cut by Royal Bank Of Canada from $38.00 to $35.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other research firms have also issued reports on AMH. BMO Capital Markets restated a “market perform” rating and set a $37.00 price target on shares of American Homes 4 Rent in a research report on Friday, January 9th. Keefe, Bruyette & Woods upgraded shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Monday, December 15th. Evercore lowered their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Barclays cut 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, Morgan Stanley lowered their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, November 13th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.69.

American Homes 4 Rent Price Performance

AMH stock opened at $29.82 on Monday. The firm has a market cap of $11.07 billion, a P/E ratio of 25.27, a P/E/G ratio of 4.26 and a beta of 0.80. The firm’s fifty day moving average is $31.38 and its 200 day moving average is $32.42. American Homes 4 Rent has a 52 week low of $28.84 and a 52 week high of $39.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.63.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share 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 business had revenue of $402.93 million during the quarter, compared to the consensus estimate of $459.24 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The business’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. Research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. American Homes 4 Rent’s payout ratio is currently 101.69%.

Insider Buying and Selling

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 acquired at an average cost of $22.96 per share, with a total value of $114,800.00. Following the transaction, the director owned 17,300 shares in the company, valued at $397,208. The trade was a 40.65% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 6.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMH. Kera Capital Partners Inc. bought a new stake in shares of American Homes 4 Rent during the fourth quarter valued at approximately $527,000. Invesco Ltd. lifted its position in American Homes 4 Rent by 30.1% during the fourth quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust’s stock valued at $197,789,000 after buying an additional 1,425,912 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of American Homes 4 Rent by 162.5% during the 4th quarter. Corient Private Wealth LLC now owns 44,196 shares of the real estate investment trust’s stock valued at $1,419,000 after buying an additional 27,359 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of American Homes 4 Rent by 192.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 73,865 shares of the real estate investment trust’s stock worth $2,371,000 after buying an additional 48,627 shares during the period. Finally, Caitlin John LLC bought a new position in shares of American Homes 4 Rent in the 4th quarter worth about $266,000. 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.