American Homes 4 Rent (NYSE:AMH) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Jefferies Financial Group upgraded shares of American Homes 4 Rent (NYSE:AMH) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

Several other brokerages have also recently commented on AMH. BMO Capital Markets raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a research note on Friday, June 26th. Compass Point started coverage on shares of American Homes 4 Rent in a research note on Tuesday, April 28th. They issued a “buy” rating and a $37.50 target price on the stock. Barclays increased their target price on shares of American Homes 4 Rent from $32.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley decreased their price target on shares of American Homes 4 Rent from $39.00 to $38.50 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.47.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $33.21 on Wednesday. The stock’s 50-day simple moving average is $32.84 and its 200 day simple moving average is $31.24. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 4.49 and a beta of 0.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.57 and a current ratio of 0.57. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $36.83.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.30. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The business had revenue of $472.02 million during the quarter, compared to analyst estimates of $470.62 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Research analysts forecast that American Homes 4 Rent will post 1.88 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, June 15th. American Homes 4 Rent’s dividend payout ratio is 107.32%.

Insiders Place Their Bets

In related news, Director Jack E. Corrigan bought 2,041 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of $23.53 per share, with a total value of $48,024.73. Following the completion of the purchase, the director directly owned 17,000 shares of the company’s stock, valued at $400,010. This trade represents a 13.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have purchased 5,000 shares of company stock valued at $117,024 over the last quarter. Company insiders own 5.70% 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 stock. Handelsbanken Fonder AB raised its position in shares of American Homes 4 Rent by 9.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 131,592 shares of the real estate investment trust’s stock valued at $4,411,000 after buying an additional 11,300 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in American Homes 4 Rent by 94.1% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 26,591 shares of the real estate investment trust’s stock valued at $891,000 after acquiring an additional 12,891 shares during the last quarter. Elevation Wealth Partners LLC raised its position in American Homes 4 Rent by 199.0% during the second quarter. Elevation Wealth Partners LLC now owns 1,441 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 959 shares in the last quarter. GAMMA Investing LLC raised its position in American Homes 4 Rent by 87.4% during the second quarter. GAMMA Investing LLC now owns 7,196 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 3,357 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in American Homes 4 Rent by 8.1% during the second quarter. Versant Capital Management Inc now owns 8,845 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 659 shares during the last quarter. Institutional investors own 91.87% of the company’s stock.

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.