American Homes 4 Rent (NYSE:AMH) Given New $35.00 Price Target at Scotiabank

American Homes 4 Rent (NYSE:AMH) had its price target decreased by research analysts at Scotiabank from $41.00 to $35.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 10.32% from the stock’s previous close.

Several other research analysts have also recently weighed in on AMH. Wells Fargo & Company reduced their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, October 13th. Mizuho reduced their price objective on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Morgan Stanley raised their price objective on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. The Goldman Sachs Group lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and lowered their price target for the company from $43.00 to $37.00 in a research report on Wednesday, September 17th. Finally, Barclays decreased their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, August 12th. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.64.

American Homes 4 Rent Price Performance

Shares of American Homes 4 Rent stock traded down $0.28 during mid-day trading on Monday, reaching $31.73. 118,343 shares of the stock were exchanged, compared to its average volume of 2,379,048. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 2.84 and a beta of 0.75. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. American Homes 4 Rent has a fifty-two week low of $31.01 and a fifty-two week high of $39.49. The firm has a 50-day simple moving average of $33.11 and a 200 day simple moving average of $35.27.

American Homes 4 Rent (NYSE:AMH) last announced its 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 return on equity of 5.90% and a net margin of 24.70%.The company had revenue of ($916.78) million for the quarter, compared to analysts’ expectations of $475.75 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AMH. Arizona State Retirement System grew its stake in shares of American Homes 4 Rent by 0.4% during the 1st quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust’s stock worth $3,630,000 after purchasing an additional 366 shares during the period. Avantax Advisory Services Inc. increased its holdings in American Homes 4 Rent by 1.1% in the first quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust’s stock valued at $1,323,000 after buying an additional 391 shares in the last quarter. UniSuper Management Pty Ltd raised its position in shares of American Homes 4 Rent by 0.4% in the first quarter. UniSuper Management Pty Ltd now owns 101,600 shares of the real estate investment trust’s stock worth $3,841,000 after acquiring an additional 400 shares during the period. AE Wealth Management LLC boosted its stake in shares of American Homes 4 Rent by 7.3% during the 3rd quarter. AE Wealth Management LLC now owns 6,149 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 418 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of American Homes 4 Rent by 21.6% during the 3rd quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 420 shares during the period. 91.87% of the stock is owned by institutional investors and hedge funds.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.