American Homes 4 Rent (NYSE:AMH) Price Target Cut to $31.00 by Analysts at Scotiabank

American Homes 4 Rent (NYSE:AMH) had its target price decreased by stock analysts at Scotiabank from $33.00 to $31.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would indicate a potential upside of 4.41% from the company’s previous close.

AMH has been the subject of several other research reports. Wells Fargo & Company dropped their target price on shares of 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. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, January 21st. UBS Group cut their target price on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Barclays decreased their target price on American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $37.00 price target on shares of American Homes 4 Rent in a research note on Friday, January 9th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.09.

American Homes 4 Rent Stock Performance

Shares of American Homes 4 Rent stock traded down $0.15 during trading on Wednesday, hitting $29.69. 777,746 shares of the company’s stock traded hands, compared to its average volume of 4,901,794. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.63 and a quick ratio of 0.63. American Homes 4 Rent has a 1 year low of $28.84 and a 1 year high of $39.49. The stock has a market capitalization of $10.80 billion, a P/E ratio of 25.16, a PEG ratio of 4.25 and a beta of 0.80. The business has a 50-day simple moving average of $31.26 and a 200-day simple moving average of $32.27.

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

Insider Activity

In other American Homes 4 Rent news, Director Jack E. Corrigan purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average price of $22.96 per share, with a total value of $114,800.00. Following the completion of the purchase, the director directly owned 17,300 shares in the company, valued at $397,208. This trade represents a 40.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Goldberg acquired 2,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of $29.17 per share, with a total value of $58,340.00. Following the transaction, the director directly owned 34,723 shares of the company’s stock, valued at $1,012,869.91. The trade was a 6.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 8,571 shares of company stock worth $210,844. 6.01% of the stock is currently owned by insiders.

Institutional Trading of American Homes 4 Rent

A number of large investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at about $710,672,000. Bank of Montreal Can increased its stake in American Homes 4 Rent by 3,526.2% during the fourth quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock worth $147,655,000 after acquiring an additional 4,472,998 shares during the last quarter. AQR Capital Management LLC raised its position in American Homes 4 Rent by 1,299.8% during the fourth quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust’s stock valued at $99,915,000 after purchasing an additional 2,890,263 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of American Homes 4 Rent by 104.4% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust’s stock valued at $155,690,000 after purchasing an additional 2,477,585 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in shares of American Homes 4 Rent by 21,864.2% in the 4th quarter. M&T Bank Corp now owns 1,774,489 shares of the real estate investment trust’s stock valued at $56,961,000 after purchasing an additional 1,766,410 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

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.