American Homes 4 Rent (NYSE:AMH) Upgraded to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of American Homes 4 Rent (NYSE:AMH) to a strong-buy rating in a report released on Friday morning,Zacks.com reports.

A number of other research firms have also weighed in on AMH. Weiss Ratings upgraded shares of American Homes 4 Rent from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Compass Point assumed coverage on shares of American Homes 4 Rent in a research report on Tuesday, April 28th. They set a “buy” rating and a $37.50 target price for the company. Keefe, Bruyette & Woods upped their price target on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Barclays increased their price target on American Homes 4 Rent from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. Finally, Royal Bank Of Canada lifted their price objective on American Homes 4 Rent from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.08.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $34.05 on Friday. The business’s 50 day moving average price is $31.97 and its 200 day moving average price is $30.97. The firm has a market cap of $12.28 billion, a P/E ratio of 27.68, a P/E/G ratio of 4.49 and a beta of 0.81. American Homes 4 Rent has a 52 week low of $27.22 and a 52 week high of $36.86. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.30. American Homes 4 Rent had a net margin of 25.27% and a return on equity of 6.08%. The company had revenue of $472.02 million during the quarter, compared to analyst estimates of $470.62 million. During the same period last year, the firm posted $0.46 EPS. American Homes 4 Rent’s revenue for the quarter was up 2.8% 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 expect that American Homes 4 Rent will post 1.88 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. American Homes 4 Rent’s payout ratio is 107.32%.

Insider Activity

In other news, Director Jack E. Corrigan purchased 2,041 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of $23.53 per share, with a total value of $48,024.73. Following the completion of the acquisition, the director owned 17,000 shares of the company’s stock, valued at approximately $400,010. This represents a 13.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have acquired 5,000 shares of company stock valued at $117,024. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Schroder Investment Management Group raised its holdings in American Homes 4 Rent by 311.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,374,162 shares of the real estate investment trust’s stock worth $44,619,000 after purchasing an additional 1,040,001 shares during the period. M&T Bank Corp boosted its position in American Homes 4 Rent by 386.9% during the fourth quarter. M&T Bank Corp now owns 39,333 shares of the real estate investment trust’s stock worth $1,262,000 after purchasing an additional 31,254 shares in the last quarter. American Century Companies Inc. grew its holdings in American Homes 4 Rent by 5.4% in the third quarter. American Century Companies Inc. now owns 741,854 shares of the real estate investment trust’s stock valued at $24,667,000 after purchasing an additional 37,810 shares during the period. Land & Buildings Investment Management LLC grew its holdings in American Homes 4 Rent by 24.2% in the third quarter. Land & Buildings Investment Management LLC now owns 980,985 shares of the real estate investment trust’s stock valued at $32,618,000 after purchasing an additional 191,085 shares during the period. Finally, Bamco Inc. NY increased its position in shares of American Homes 4 Rent by 7.3% in the third quarter. Bamco Inc. NY now owns 1,116,846 shares of the real estate investment trust’s stock valued at $37,135,000 after buying an additional 76,014 shares in the last quarter. Institutional investors and hedge funds 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.