American Homes 4 Rent (NYSE:AMH) Price Target Lowered to $33.50 at Citigroup

American Homes 4 Rent (NYSE:AMH) had its target price lowered by stock analysts at Citigroup from $34.50 to $33.50 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price target suggests a potential upside of 11.43% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Royal Bank Of Canada reduced their target price on American Homes 4 Rent from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, February 23rd. UBS Group reduced their price objective on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Wall Street Zen cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Sunday, January 18th. BMO Capital Markets reaffirmed a “market perform” rating and set a $37.00 target price on shares of American Homes 4 Rent in a report on Friday, January 9th. Finally, Morgan Stanley decreased 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. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $36.22.

American Homes 4 Rent Price Performance

NYSE:AMH traded up $0.07 during trading hours on Monday, reaching $30.07. 1,765,507 shares of the company were exchanged, compared to its average volume of 4,993,381. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. The firm has a market cap of $10.94 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 4.29 and a beta of 0.80. American Homes 4 Rent has a twelve month low of $28.84 and a twelve month high of $39.49. The stock’s 50-day moving average is $31.33 and its 200-day moving average is $32.34.

American Homes 4 Rent (NYSE:AMH) 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 net margin of 24.48% and a return on equity of 5.93%. The company had revenue of $402.93 million during the quarter, compared to analyst estimates of $459.24 million. During the same quarter last year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director David Goldberg purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average price of $29.17 per share, with a total value of $58,340.00. Following the purchase, the director directly owned 34,723 shares in the company, valued at approximately $1,012,869.91. This trade represents a 6.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jack E. Corrigan acquired 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 17,300 shares in the company, valued at approximately $397,208. The trade was a 40.65% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 8,571 shares of company stock worth $210,844 in the last 90 days. Insiders own 6.32% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMH. Norges Bank acquired a new position in shares of American Homes 4 Rent in the 4th quarter worth approximately $710,672,000. Bank of Montreal Can raised its position in American Homes 4 Rent by 3,526.2% in the fourth quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock valued at $147,655,000 after purchasing an additional 4,472,998 shares during the period. AQR Capital Management LLC lifted its stake in American Homes 4 Rent by 1,299.8% during the fourth quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust’s stock worth $99,915,000 after purchasing an additional 2,890,263 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of American Homes 4 Rent by 104.4% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust’s stock worth $155,690,000 after buying an additional 2,477,585 shares during the period. Finally, M&T Bank Corp boosted its position in shares of American Homes 4 Rent by 21,864.2% during the fourth quarter. M&T Bank Corp now owns 1,774,489 shares of the real estate investment trust’s stock worth $56,961,000 after buying an additional 1,766,410 shares during the period. Hedge funds and other 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.