Citigroup Lowers American Homes 4 Rent (NYSE:AMH) Price Target to $33.50

American Homes 4 Rent (NYSE:AMH) had its target price reduced by analysts at Citigroup from $34.50 to $33.50 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective would indicate a potential upside of 11.43% from the company’s current price.

A number of other research firms have also recently commented on AMH. Scotiabank reduced their price objective on American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Mizuho reaffirmed a “neutral” rating and set a $32.00 price target (down from $33.00) on shares of American Homes 4 Rent in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Barclays cut their target price 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. Finally, Morgan Stanley decreased their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.22.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH traded up $0.07 during trading on Monday, reaching $30.07. 1,765,507 shares of the company traded hands, compared to its average volume of 4,993,381. The firm has a 50 day simple moving average of $31.33 and a 200-day simple moving average of $32.34. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49. The stock has a market capitalization of $10.94 billion, a PE ratio of 25.44, a P/E/G ratio of 4.29 and a beta of 0.80. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.66.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.14). American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. The company had revenue of $402.93 million for the quarter, compared to the consensus estimate of $459.24 million. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Equities research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham acquired 1,571 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was acquired at an average cost of $24.00 per share, with a total value of $37,704.00. Following the purchase, the director directly owned 43,517 shares of the company’s stock, valued at approximately $1,044,408. This represents a 3.75% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack E. Corrigan bought 5,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were bought at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the transaction, the director owned 17,300 shares in the company, valued at approximately $397,208. The trade was a 40.65% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 8,571 shares of company stock valued at $210,844. 6.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its holdings in 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 buying an additional 50,587 shares in the last quarter. 12th Street Asset Management Company LLC raised its position in shares of American Homes 4 Rent by 64.3% in the third 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 acquiring an additional 61,838 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of American Homes 4 Rent by 24.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,506,317 shares of the real estate investment trust’s stock worth $83,335,000 after acquiring an additional 485,401 shares in the last quarter. Retirement Systems of Alabama grew its position in shares of American Homes 4 Rent by 13.3% during the 3rd quarter. Retirement Systems of Alabama now owns 910,363 shares of the real estate investment trust’s stock valued at $30,270,000 after acquiring an additional 106,550 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of American Homes 4 Rent by 608,877.8% in the 3rd quarter. Pacer Advisors Inc. now owns 54,808 shares of the real estate investment trust’s stock valued at $1,822,000 after purchasing an additional 54,799 shares in the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

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.