American Homes 4 Rent (NYSE:AMH) Given New $33.00 Price Target at Barclays

American Homes 4 Rent (NYSE:AMH) had its price target dropped by equities research analysts at Barclays from $34.00 to $33.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target would suggest a potential upside of 8.03% from the company’s previous close.

A number of other research firms also recently commented on AMH. UBS Group dropped their price objective on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. JPMorgan Chase & Co. dropped 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. Wolfe Research upgraded shares of 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 research report on Thursday, October 2nd. Evercore ISI lowered their price objective on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Finally, The Goldman Sachs Group set a $37.00 target price on shares of American Homes 4 Rent in a research note on Monday, December 15th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.53.

American Homes 4 Rent Stock Performance

Shares of AMH traded down $0.46 during trading hours on Tuesday, reaching $30.55. 1,386,406 shares of the company’s stock traded hands, compared to its average volume of 5,906,298. American Homes 4 Rent has a twelve month low of $28.84 and a twelve month high of $39.49. The business’s fifty day simple moving average is $31.68 and its two-hundred day simple moving average is $33.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 2.77 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $478.46 million during the quarter, compared to analyst estimates of $475.75 million. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. American Homes 4 Rent’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Analysts predict 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 bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average price of $31.65 per share, with a total value 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack E. Corrigan purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the transaction, the director directly owned 17,300 shares of the company’s stock, valued at $397,208. This trade represents a 40.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 6.01% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in American Homes 4 Rent by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock valued at $1,486,798,000 after acquiring an additional 246,713 shares in the last quarter. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the second quarter worth approximately $796,706,000. State Street Corp grew its position in American Homes 4 Rent by 2.2% during the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after purchasing an additional 399,894 shares in the last quarter. Geode Capital Management LLC increased its stake in American Homes 4 Rent by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock valued at $250,566,000 after buying an additional 31,179 shares during the period. Finally, Centersquare Investment Management LLC increased its stake in American Homes 4 Rent by 25.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock valued at $175,270,000 after buying an additional 1,082,972 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 (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.