American Homes 4 Rent’s (AMH) Market Outperform Rating Reiterated at Citizens Jmp

American Homes 4 Rent (NYSE:AMH)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at Citizens Jmp in a research note issued on Wednesday,Benzinga reports. They currently have a $41.00 target price on the real estate investment trust’s stock. Citizens Jmp’s price target suggests a potential upside of 28.97% from the stock’s previous close.

AMH has been the subject of a number of other research reports. UBS Group cut their target price on shares of American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Wolfe Research raised American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Finally, The Goldman Sachs Group set a $37.00 price target on American Homes 4 Rent in a research note on Monday, December 15th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.44.

American Homes 4 Rent Price Performance

AMH opened at $31.79 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The stock has a market capitalization of $11.80 billion, a P/E ratio of 26.94, a P/E/G ratio of 3.08 and a beta of 0.79. The company’s 50-day simple moving average is $31.66 and its two-hundred day simple moving average is $33.23. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The firm had revenue of $478.46 million during the quarter, compared to analyst estimates of $475.75 million. During the same period in the previous year, the business posted $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. As a group, analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

Insider Buying and Selling

In related news, Director Douglas N. Benham acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was bought at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the purchase, the director owned 7,991 shares in the company, valued at $252,915.15. The trade was a 14.30% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jack E. Corrigan bought 5,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $22.96 per share, with a total value of $114,800.00. Following the completion of the acquisition, the director directly owned 17,300 shares in the company, valued at $397,208. This represents a 40.65% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 6.01% of the company’s stock.

Institutional Trading of American Homes 4 Rent

Several institutional investors and hedge funds have recently modified their holdings of AMH. Wilmington Savings Fund Society FSB boosted its holdings 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 worth $25,000 after buying an additional 751 shares during the period. True Wealth Design LLC lifted its position 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 valued at $27,000 after acquiring an additional 577 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of American Homes 4 Rent by 922.2% in the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 747 shares during the period. AlphaQuest LLC purchased a new stake in shares of American Homes 4 Rent during the second quarter worth about $33,000. Finally, Parallel Advisors LLC grew its position in shares of American Homes 4 Rent by 84.8% during the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 442 shares in the last quarter. 91.87% of the stock is currently owned by 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.