Wells Fargo & Company Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $37.00

American Homes 4 Rent (NYSE:AMH) had its price target lowered by Wells Fargo & Company from $38.00 to $37.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on AMH. The Goldman Sachs Group cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $43.00 to $37.00 in a research note on Wednesday, September 17th. Scotiabank lowered their price target on shares of American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating for the company in a report on Monday, November 10th. Keefe, Bruyette & Woods dropped their price target on American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Mizuho reduced their price objective on American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.14.

American Homes 4 Rent Stock Performance

NYSE:AMH opened at $31.96 on Tuesday. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.84 and a beta of 0.75. American Homes 4 Rent has a 1 year low of $31.01 and a 1 year high of $39.49. The stock’s 50 day simple moving average is $32.47 and its two-hundred day simple moving average is $34.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41.

American Homes 4 Rent (NYSE:AMH) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The firm had revenue of $478.46 million during the quarter, compared to the consensus estimate of $475.75 million. During the same period in the prior year, the company earned $0.44 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. As a group, equities analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, December 15th. American Homes 4 Rent’s dividend payout ratio is presently 101.69%.

Insiders Place Their Bets

In other news, Director Douglas N. Benham acquired 1,000 shares of the firm’s stock in a transaction on 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 purchase, the director directly owned 7,991 shares in the company, valued at approximately $252,915.15. This trade represents a 14.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.32% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB lifted 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 acquiring an additional 751 shares during the last quarter. Hantz Financial Services Inc. grew its position in American Homes 4 Rent by 922.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 747 shares during the last quarter. Parallel Advisors LLC increased its stake in American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 442 shares during the period. AlphaQuest LLC purchased a new stake in American Homes 4 Rent in the second quarter worth $33,000. Finally, Pandora Wealth Inc. bought a new stake in shares of American Homes 4 Rent during the first quarter worth $38,000. Institutional investors own 91.87% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.