American Homes 4 Rent (NYSE:AMH) Hits New 1-Year Low – What’s Next?

American Homes 4 Rent (NYSE:AMH)’s stock price hit a new 52-week low on Thursday . The company traded as low as $30.94 and last traded at $30.9550, with a volume of 2121895 shares. The stock had previously closed at $31.55.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wolfe Research upgraded American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Thursday, October 2nd. Wall Street Zen cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Keefe, Bruyette & Woods lowered their price target on American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Finally, Evercore ISI decreased their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.14.

American Homes 4 Rent Trading Down 2.0%

The business’s 50 day moving average price is $32.36 and its 200-day moving average price is $34.53. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating 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 business had revenue of $478.46 million for the quarter, compared to analysts’ expectations of $475.75 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The firm’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. On average, research analysts forecast that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Insider Activity

In other news, Director Douglas N. Benham purchased 1,000 shares of American Homes 4 Rent stock in a transaction on Wednesday, November 19th. The shares were purchased at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the transaction, the director directly owned 7,991 shares in the company, valued at approximately $252,915.15. This represents a 14.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.32% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

A number of large investors have recently modified their holdings of the stock. Natixis Advisors LLC raised its position in American Homes 4 Rent by 1.7% in the 1st quarter. Natixis Advisors LLC now owns 99,040 shares of the real estate investment trust’s stock worth $3,745,000 after purchasing an additional 1,642 shares during the last quarter. Centersquare Investment Management LLC increased its stake in shares of American Homes 4 Rent by 283.7% in the 1st quarter. Centersquare Investment Management LLC now owns 1,825,434 shares of the real estate investment trust’s stock valued at $69,020,000 after buying an additional 1,349,634 shares during the period. Corbyn Investment Management Inc. MD raised its position in shares of American Homes 4 Rent by 0.6% during the first quarter. Corbyn Investment Management Inc. MD now owns 100,730 shares of the real estate investment trust’s stock worth $3,809,000 after acquiring an additional 615 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new stake in shares of American Homes 4 Rent during the first quarter worth $349,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of American Homes 4 Rent by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,366,860 shares of the real estate investment trust’s stock valued at $165,111,000 after acquiring an additional 32,825 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.