JPMorgan Chase & Co. Lowers American Homes 4 Rent (NYSE:AMH) Price Target to $37.00

American Homes 4 Rent (NYSE:AMH) had its price target dropped by equities researchers at JPMorgan Chase & Co. from $38.00 to $37.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 18.51% from the stock’s previous close.

Several other analysts have also issued reports on AMH. Wolfe Research upgraded 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. BMO Capital Markets reaffirmed a “market perform” rating and set a $37.00 price target on shares of American Homes 4 Rent in a research note on Friday. UBS Group reduced their price target on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, October 8th. Finally, Mizuho reiterated a “neutral” rating and issued a $32.00 target price (down from $33.00) on shares of American Homes 4 Rent in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.59.

American Homes 4 Rent Stock Up 0.6%

Shares of NYSE AMH traded up $0.20 during mid-day trading on Monday, reaching $31.22. The company had a trading volume of 2,355,114 shares, compared to its average volume of 6,097,777. 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 company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 26.44, a PEG ratio of 2.77 and a beta of 0.79. The stock has a fifty day moving average of $31.69 and a two-hundred day moving average of $33.44. American Homes 4 Rent has a 12-month low of $28.84 and a 12-month high of $39.49.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $475.75 million. During the same quarter in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. As a group, equities research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

Insider Buying and Selling

In other news, Director Douglas N. Benham bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were purchased at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the acquisition, the director directly owned 7,991 shares of the company’s stock, valued at $252,915.15. The trade was a 14.30% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jack E. Corrigan bought 5,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of $22.96 per share, with a total value 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 6.01% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in American Homes 4 Rent by 1,103.6% during the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 11,963 shares during the period. Kera Capital Partners Inc. acquired a new position in shares of American Homes 4 Rent during the second quarter worth approximately $213,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of American Homes 4 Rent by 11.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 115,284 shares of the real estate investment trust’s stock valued at $4,158,000 after acquiring an additional 11,593 shares during the period. Baader Bank Aktiengesellschaft boosted its position in shares of American Homes 4 Rent by 63.2% in the second quarter. Baader Bank Aktiengesellschaft now owns 9,564 shares of the real estate investment trust’s stock valued at $345,000 after acquiring an additional 3,702 shares during the period. Finally, Swedbank AB grew its stake in shares of American Homes 4 Rent by 6.7% in the second quarter. Swedbank AB now owns 533,669 shares of the real estate investment trust’s stock worth $19,249,000 after acquiring an additional 33,669 shares during the last quarter. 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.