Barclays Lowers American Homes 4 Rent (NYSE:AMH) Price Target to $33.00

American Homes 4 Rent (NYSE:AMH) had its price objective cut by equities research analysts at Barclays from $34.00 to $33.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target points to a potential upside of 4.96% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Scotiabank dropped their target price on shares of American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating for the company in a research report on Monday, November 10th. Wall Street Zen upgraded American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. BMO Capital Markets reissued a “market perform” rating and issued a $37.00 target price on shares of American Homes 4 Rent in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their target price on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.19.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $31.44 on Tuesday. The stock has a 50 day moving average of $31.64 and a 200 day moving average of $33.35. The company has a market capitalization of $11.67 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.96 and a beta of 0.79. American Homes 4 Rent has a 12 month low of $28.84 and a 12 month high of $39.49. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The business had revenue of $478.46 million during the quarter, compared to the consensus estimate of $475.75 million. During the same quarter last year, the company posted $0.44 earnings per share. The firm’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, sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Buying and Selling

In other American Homes 4 Rent news, Director Douglas N. Benham bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was purchased at an average price of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the transaction, the director owned 7,991 shares of the company’s stock, valued at $252,915.15. This trade represents a 14.30% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack E. Corrigan purchased 5,000 shares of American Homes 4 Rent stock in a transaction on Tuesday, December 9th. The stock was bought at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the acquisition, the director owned 17,300 shares in the company, valued at $397,208. The trade was a 40.65% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently modified their holdings of the stock. AE Wealth Management LLC grew its position in American Homes 4 Rent by 7.3% in the 3rd quarter. AE Wealth Management LLC now owns 6,149 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 418 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of American Homes 4 Rent by 21.6% in the 3rd quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 420 shares in the last quarter. Parallel Advisors LLC boosted 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 valued at $32,000 after acquiring an additional 442 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in American Homes 4 Rent by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 74,825 shares of the real estate investment trust’s stock worth $2,699,000 after buying an additional 447 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of American Homes 4 Rent by 2.3% during the third quarter. Crossmark Global Holdings Inc. now owns 21,178 shares of the real estate investment trust’s stock worth $704,000 after acquiring an additional 469 shares during the last quarter. 91.87% of the stock is 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.