Keefe, Bruyette & Woods Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $37.00

American Homes 4 Rent (NYSE:AMH) had its price objective decreased by Keefe, Bruyette & Woods from $40.00 to $37.00 in a research report released on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on AMH. Morgan Stanley increased their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 19th. Evercore ISI cut their target price on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Barclays lowered their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 12th. Wall Street Zen lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Wells Fargo & Company reduced their price objective on American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.07.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $31.98 on Wednesday. The stock has a fifty day moving average price of $33.11 and a 200 day moving average price of $35.29. American Homes 4 Rent has a 52 week low of $31.01 and a 52 week high of $39.49. The firm has a market capitalization of $11.86 billion, a P/E ratio of 27.10, a PEG ratio of 2.81 and a beta of 0.75. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The firm had revenue of ($916.78) million for the quarter, compared to analyst estimates of $475.75 million. During the same period last year, the company earned $0.44 EPS. The firm’s quarterly revenue 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. Equities research analysts anticipate that American Homes 4 Rent will post 1.85 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 Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.30 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. American Homes 4 Rent’s dividend payout ratio is 101.69%.

Hedge Funds Weigh In On American Homes 4 Rent

A number of institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its stake in shares of American Homes 4 Rent by 10,728.6% during the third 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 in the last quarter. Hantz Financial Services Inc. boosted its holdings in 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 valued at $30,000 after purchasing an additional 747 shares during the last quarter. AlphaQuest LLC acquired a new stake in American Homes 4 Rent during the 2nd quarter valued at approximately $33,000. Pandora Wealth Inc. purchased a new stake in American Homes 4 Rent during the 1st quarter worth approximately $38,000. Finally, SVB Wealth LLC purchased a new stake in American Homes 4 Rent during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.