Keefe, Bruyette & Woods Lowers American Homes 4 Rent (NYSE:AMH) Price Target to $35.00

American Homes 4 Rent (NYSE:AMH) had its target price dropped by Keefe, Bruyette & Woods from $37.00 to $35.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 15.32% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on AMH. Wells Fargo & Company reduced their price target on shares of American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Scotiabank reduced their target price on 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. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. JPMorgan Chase & Co. cut their price target on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Finally, Royal Bank Of Canada cut their target price on shares of American Homes 4 Rent from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.69.

American Homes 4 Rent Stock Performance

Shares of AMH opened at $30.35 on Wednesday. The stock has a 50 day moving average price of $31.35 and a 200 day moving average price of $32.40. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 4.25 and a beta of 0.80. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49.

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

Insiders Place Their Bets

In related news, Director David Goldberg purchased 2,000 shares of American Homes 4 Rent stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of $29.17 per share, for a total transaction of $58,340.00. Following the transaction, the director owned 34,723 shares in the company, valued at approximately $1,012,869.91. The trade was a 6.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jack E. Corrigan purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average price 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 trade represents a 40.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors and hedge funds have recently made changes to their positions in AMH. Thrivent Financial for Lutherans grew its stake in American Homes 4 Rent by 67.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 125,412 shares of the real estate investment trust’s stock valued at $4,170,000 after purchasing an additional 50,587 shares in the last quarter. 12th Street Asset Management Company LLC boosted its stake in shares of American Homes 4 Rent by 64.3% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 158,081 shares of the real estate investment trust’s stock valued at $5,256,000 after buying an additional 61,838 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of American Homes 4 Rent by 13.3% during the third quarter. Retirement Systems of Alabama now owns 910,363 shares of the real estate investment trust’s stock worth $30,270,000 after buying an additional 106,550 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of American Homes 4 Rent by 24.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,506,317 shares of the real estate investment trust’s stock worth $83,335,000 after buying an additional 485,401 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of American Homes 4 Rent by 608,877.8% in the third quarter. Pacer Advisors Inc. now owns 54,808 shares of the real estate investment trust’s stock worth $1,822,000 after buying an additional 54,799 shares during the last quarter. 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.