American Homes 4 Rent (NYSE:AMH) Price Target Raised to $38.00

American Homes 4 Rent (NYSE:AMH) had its target price upped by JPMorgan Chase & Co. from $35.00 to $38.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Other analysts have also issued reports about the company. Citigroup reaffirmed a “market outperform” rating on shares of American Homes 4 Rent in a report on Wednesday, August 5th. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a report on Monday. Jefferies Financial Group raised American Homes 4 Rent to a “strong-buy” rating in a report on Wednesday, July 22nd. Wells Fargo & Company upped their price objective on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada raised their price objective on shares of American Homes 4 Rent from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of “Moderate Buy” and a consensus price target of $36.83.

American Homes 4 Rent Trading Down 0.0%

NYSE AMH opened at $34.36 on Wednesday. The company has a market capitalization of $12.39 billion, a PE ratio of 27.27, a P/E/G ratio of 6.16 and a beta of 0.79. The company has a fifty day moving average of $33.57 and a 200 day moving average of $31.62. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $35.85. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.18 by $0.13. The company had revenue of $470.10 million for the quarter, compared to analyst estimates of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. Research analysts forecast that American Homes 4 Rent will post 1.9 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.32 dividend on an annualized basis and a yield of 3.8%. American Homes 4 Rent’s dividend payout ratio is currently 104.76%.

Institutional Trading of American Homes 4 Rent

Institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB increased its stake in shares of American Homes 4 Rent by 10,728.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 751 shares in the last quarter. IFP Advisors Inc lifted its stake in American Homes 4 Rent by 122.2% in the 4th quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 441 shares in the last quarter. Parallel Advisors LLC boosted its holdings in American Homes 4 Rent by 84.8% in the 3rd quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 442 shares during the last quarter. Bessemer Group Inc. boosted its holdings in American Homes 4 Rent by 70.3% in the 1st quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 483 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new stake in American Homes 4 Rent in the 4th quarter worth about $35,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.