Royal Bank Of Canada Has Lowered Expectations for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its price target dropped by equities researchers at Royal Bank Of Canada from $38.00 to $35.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 19.82% from the company’s previous close.

Several other research firms have also issued reports on AMH. JPMorgan Chase & Co. decreased their price target on shares of American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Morgan Stanley reduced their target price on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Mizuho restated a “neutral” rating and set a $32.00 price objective (down previously from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th. Citizens Jmp dropped their target price on shares of American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company decreased their price objective on shares of American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.81.

American Homes 4 Rent Stock Performance

NYSE AMH traded down $0.31 during trading hours on Monday, reaching $29.21. The company’s stock had a trading volume of 92,289 shares, compared to its average volume of 4,351,957. 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 cap of $10.84 billion, a PE ratio of 24.89, a PEG ratio of 2.83 and a beta of 0.80. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 0.66. The business has a 50-day simple moving average of $31.49 and a 200 day simple moving average of $32.50.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $459.24 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jack E. Corrigan acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the acquisition, the director owned 17,300 shares of the company’s stock, valued at approximately $397,208. This represents a 40.65% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its stake in shares of American Homes 4 Rent by 67.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 125,412 shares of the real estate investment trust’s stock valued at $4,170,000 after acquiring an additional 50,587 shares in the last quarter. 12th Street Asset Management Company LLC grew its stake in American Homes 4 Rent by 64.3% in the 3rd quarter. 12th Street Asset Management Company LLC now owns 158,081 shares of the real estate investment trust’s stock valued at $5,256,000 after buying an additional 61,838 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position 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 purchasing an additional 485,401 shares during the last quarter. Retirement Systems of Alabama grew its holdings in American Homes 4 Rent by 13.3% in 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 buying an additional 106,550 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in American Homes 4 Rent by 608,877.8% during the third quarter. Pacer Advisors Inc. now owns 54,808 shares of the real estate investment trust’s stock worth $1,822,000 after acquiring an additional 54,799 shares during the period. 91.87% of the stock is currently owned by institutional investors.

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.