Citigroup Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $33.50

American Homes 4 Rent (NYSE:AMH) had its price target trimmed by Citigroup from $34.50 to $33.50 in a report issued on Monday,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

AMH has been the topic of several other research reports. Wells Fargo & Company reduced their target price on shares of American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Raymond James Financial reissued a “market perform” rating on shares of American Homes 4 Rent in a research report on Friday, February 27th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $37.00 target price on shares of American Homes 4 Rent in a research report on Friday, January 9th. The Goldman Sachs Group set a $37.00 target price on American Homes 4 Rent in a research note on Monday, December 15th. Finally, Royal Bank Of Canada dropped their target price on American Homes 4 Rent from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, American Homes 4 Rent presently has a consensus rating of “Hold” and an average target price of $36.09.

American Homes 4 Rent Stock Up 0.7%

Shares of NYSE:AMH opened at $30.05 on Monday. The stock has a 50-day simple moving average of $31.23 and a 200-day simple moving average of $32.26. The stock has a market capitalization of $10.93 billion, a P/E ratio of 25.47, a PEG ratio of 4.26 and a beta of 0.80. American Homes 4 Rent has a 1 year low of $28.84 and a 1 year high of $39.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 0.63.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results 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). American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. The business had revenue of $402.93 million for the quarter, compared to analyst estimates of $459.24 million. During the same period last year, the firm earned $0.45 earnings per share. The company’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. Equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.30. American Homes 4 Rent’s payout ratio is presently 101.69%.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Douglas N. Benham purchased 1,200 shares of the stock in a transaction dated Monday, March 2nd. The stock was acquired at an average cost of $24.20 per share, for a total transaction of $29,040.00. Following the acquisition, the director owned 44,717 shares of the company’s stock, valued at $1,082,151.40. The trade was a 2.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jack E. Corrigan acquired 5,000 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the purchase, the director directly owned 17,300 shares of the company’s stock, valued at $397,208. The trade was a 40.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 9,771 shares of company stock worth $239,884 over the last quarter. 6.32% of the stock is owned by corporate insiders.

Institutional Trading of American Homes 4 Rent

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB boosted its holdings in shares of American Homes 4 Rent by 10,728.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 751 shares during the period. IFP Advisors Inc lifted its holdings in American Homes 4 Rent by 122.2% in the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 441 shares during the last quarter. True Wealth Design LLC boosted its stake in American Homes 4 Rent by 230.8% in the fourth quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 577 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of American Homes 4 Rent by 922.2% during the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 747 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of American Homes 4 Rent by 84.8% during the 3rd 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. 91.87% of the stock is owned by institutional investors and hedge funds.

About American Homes 4 Rent

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.