American Homes 4 Rent (NYSE:AMH) Sets New 1-Year Low After Analyst Downgrade

American Homes 4 Rent (NYSE:AMH) shares reached a new 52-week low during mid-day trading on Tuesday after Royal Bank Of Canada lowered their price target on the stock from $38.00 to $35.00. Royal Bank Of Canada currently has an outperform rating on the stock. American Homes 4 Rent traded as low as $28.84 and last traded at $28.9850, with a volume of 1146835 shares trading hands. The stock had previously closed at $29.42.

A number of other brokerages also recently issued reports on AMH. The Goldman Sachs Group set a $37.00 price objective on shares of American Homes 4 Rent in a research report on Monday, December 15th. Scotiabank lowered their target price on shares of American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th. UBS Group cut their price target on shares of American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Wells Fargo & Company decreased their price objective on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Finally, Evercore lowered their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.81.

Insider Activity

In related news, Director Jack E. Corrigan acquired 5,000 shares of the stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the purchase, the director owned 17,300 shares of the company’s stock, valued at approximately $397,208. This represents a 40.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.32% of the company’s stock.

Institutional Trading of American Homes 4 Rent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its stake in shares of American Homes 4 Rent by 10,728.6% during the 3rd 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 during the period. IFP Advisors Inc lifted its stake in shares of 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 purchasing an additional 441 shares during the period. True Wealth Design LLC boosted its holdings in American Homes 4 Rent by 230.8% during the fourth quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 577 shares in the last quarter. Hantz Financial Services Inc. grew its position in American Homes 4 Rent by 922.2% during the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 747 shares during the period. Finally, Parallel Advisors LLC grew its position in American Homes 4 Rent by 84.8% during the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 442 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Down 1.0%

The business’s fifty day simple moving average is $31.45 and its two-hundred day simple moving average is $32.47. The company has a market cap of $10.81 billion, a PE ratio of 24.68, a PEG ratio of 2.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.63 and a quick ratio of 0.41.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Thursday, February 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.14). The business had revenue of $402.93 million for the quarter, compared to analyst estimates of $459.24 million. American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. American Homes 4 Rent’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.33 per share. This is a positive change from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. American Homes 4 Rent’s payout ratio is 111.86%.

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.