American Homes 4 Rent (NYSE:AMH) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of American Homes 4 Rent (NYSE:AMH) have been given a consensus rating of “Hold” by the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.0833.

A number of equities analysts have weighed in on AMH shares. Wall Street Zen upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Scotiabank upped their price objective on shares of American Homes 4 Rent from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, May 21st. Keefe, Bruyette & Woods upped their price objective on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Citigroup cut their price target on American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Finally, Raymond James Financial upgraded American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research note on Monday, May 18th.

American Homes 4 Rent Stock Up 0.0%

Shares of NYSE AMH opened at $33.29 on Wednesday. The company has a market cap of $12.00 billion, a P/E ratio of 27.06, a P/E/G ratio of 4.38 and a beta of 0.81. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $37.15. The stock has a fifty day moving average price of $30.86 and a 200 day moving average price of $30.87. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.30. The firm had revenue of $472.02 million during the quarter, compared to analysts’ expectations of $470.62 million. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.American Homes 4 Rent’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Research analysts anticipate that American Homes 4 Rent will post 1.93 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, June 15th. American Homes 4 Rent’s dividend payout ratio is 107.32%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack E. Corrigan bought 2,041 shares of American Homes 4 Rent stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $23.53 per share, for a total transaction of $48,024.73. Following the purchase, the director owned 17,000 shares in the company, valued at $400,010. This represents a 13.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders purchased 5,000 shares of company stock worth $117,024. Corporate insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans lifted its position in shares of American Homes 4 Rent by 67.6% during the third quarter. Thrivent Financial for Lutherans now owns 125,412 shares of the real estate investment trust’s stock worth $4,170,000 after purchasing an additional 50,587 shares during the last quarter. 12th Street Asset Management Company LLC lifted its holdings in American Homes 4 Rent by 64.3% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 158,081 shares of the real estate investment trust’s stock worth $5,256,000 after buying an additional 61,838 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in American Homes 4 Rent by 25.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock worth $175,270,000 after buying an additional 1,082,972 shares during the last quarter. Vanguard Group Inc. grew its position in shares of American Homes 4 Rent by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock worth $1,486,798,000 after acquiring an additional 246,713 shares in the last quarter. Finally, Aew Capital Management L P grew its position in shares of American Homes 4 Rent by 56.0% in the 3rd quarter. Aew Capital Management L P now owns 2,064,622 shares of the real estate investment trust’s stock worth $68,649,000 after acquiring an additional 741,388 shares in the last quarter. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

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.