Citizens Jmp Reiterates Market Outperform Rating for American Homes 4 Rent (NYSE:AMH)

American Homes 4 Rent (NYSE:AMH)‘s stock had its “market outperform” rating reaffirmed by investment analysts at Citizens Jmp in a research report issued on Wednesday,Benzinga reports. They currently have a $41.00 target price on the real estate investment trust’s stock. Citizens Jmp’s price target would suggest a potential upside of 30.08% from the stock’s previous close.

AMH has been the subject of several other reports. The Goldman Sachs Group set a $37.00 target price on shares of American Homes 4 Rent in a research note on Monday, December 15th. Scotiabank cut their price objective on shares of American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating for the company in a report on Wednesday, January 14th. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a research note on Monday, December 15th. Morgan Stanley dropped their target price on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, November 13th. Finally, Evercore ISI reduced their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.44.

American Homes 4 Rent Price Performance

Shares of AMH opened at $31.52 on Wednesday. The business’s 50-day moving average is $31.65 and its two-hundred day moving average is $33.21. The company has a market capitalization of $11.70 billion, a P/E ratio of 26.71, a P/E/G ratio of 3.04 and a beta of 0.79. American Homes 4 Rent has a fifty-two week low of $28.84 and a fifty-two week high of $39.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41.

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

Insider Transactions at American Homes 4 Rent

In other news, Director Jack E. Corrigan acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the acquisition, the director owned 17,300 shares in the company, valued at approximately $397,208. This represents a 40.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham bought 1,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 7,991 shares of the company’s stock, valued at approximately $252,915.15. This represents a 14.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Large investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of American Homes 4 Rent in the 2nd quarter valued at $796,706,000. Lasalle Investment Management Securities LLC raised its holdings in American Homes 4 Rent by 76.1% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 2,888,809 shares of the real estate investment trust’s stock valued at $96,053,000 after buying an additional 1,248,131 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its position in American Homes 4 Rent by 102.9% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,372,586 shares of the real estate investment trust’s stock valued at $78,888,000 after buying an additional 1,203,093 shares during the last quarter. Centersquare Investment Management LLC lifted its position in American Homes 4 Rent by 25.9% in the third quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock valued at $175,270,000 after buying an additional 1,082,972 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in American Homes 4 Rent by 2,035.9% during the second quarter. First Trust Advisors LP now owns 1,129,609 shares of the real estate investment trust’s stock worth $40,745,000 after buying an additional 1,076,722 shares during the period. 91.87% of the stock is currently owned by hedge funds and other 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.