American Homes 4 Rent (NYSE:AMH) Price Target Lowered to $34.00 at Wells Fargo & Company

American Homes 4 Rent (NYSE:AMH) had its price objective cut by investment analysts at Wells Fargo & Company from $37.00 to $34.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target points to a potential upside of 14.09% from the stock’s previous close.

A number of other research firms have also recently weighed in on AMH. Keefe, Bruyette & Woods lowered their price objective on American Homes 4 Rent from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Citizens Jmp lowered their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating on the stock in a report on Monday, February 23rd. Barclays dropped their price target on shares of American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. JPMorgan Chase & Co. decreased their price objective on shares of American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Finally, Citigroup dropped their target price on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating for the company in a report on Monday. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.91.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock traded down $0.23 on Thursday, hitting $29.80. 547,712 shares of the company’s stock were exchanged, compared to its average volume of 4,862,450. American Homes 4 Rent has a 1 year low of $28.84 and a 1 year high of $39.49. The company has a 50-day simple moving average of $31.23 and a 200-day simple moving average of $32.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $10.84 billion, a PE ratio of 25.25, a PEG 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 analysts’ consensus estimates of $0.47 by ($0.14). The company had revenue of $402.93 million during the quarter, compared to the consensus estimate of $459.24 million. American Homes 4 Rent had a return on equity of 5.93% and a net margin of 24.48%.American Homes 4 Rent’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior 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. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director David Goldberg bought 2,000 shares of American Homes 4 Rent 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 completion of the purchase, the director owned 34,723 shares in the company, valued at $1,012,869.91. The trade was a 6.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jack E. Corrigan bought 5,000 shares of the stock in a transaction dated Tuesday, December 9th. The stock was purchased at an average price 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 approximately $397,208. The trade was a 40.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 9,771 shares of company stock worth $239,884 over the last quarter. Insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB grew its position in American Homes 4 Rent by 10,728.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 751 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 441 shares during the period. True Wealth Design LLC grew its holdings in shares of American Homes 4 Rent by 230.8% in the fourth quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 577 shares during the last quarter. Hantz Financial Services Inc. increased its stake in American Homes 4 Rent by 922.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 747 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in American Homes 4 Rent by 84.8% during the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 442 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other 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.