American Homes 4 Rent (NYSE:AMH) Downgraded by The Goldman Sachs Group to Neutral

Key Points

• American Homes 4 Rent was downgraded by Goldman Sachs from a "buy" to a "neutral" rating, with a target price set at $37.00, suggesting an upside potential of 11.08% from its previous close.
• Several other brokerages have also recently lowered their price targets, with Barclays setting a new target of $39.00 and Citigroup at $41.00.
• The company reported $0.47 earnings per share for the last quarter, exceeding analyst expectations, and showed an 8.0% year-over-year increase in revenue.

The Goldman Sachs Group downgraded shares of American Homes 4 Rent (NYSE:AMH - Free Report) from a buy rating to a neutral rating in a report issued on Wednesday morning, Marketbeat.com reports. They currently have $37.00 target price on the real estate investment trust's stock, down from their previous target price of $43.00.

A number of other equities analysts also recently commented on AMH. Evercore ISI reduced their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, September 15th. Barclays reduced their price target on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Morgan Stanley upped their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 19th. Finally, Citigroup downgraded American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a research report on Friday, June 6th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.83.

American Homes 4 Rent Trading Up 0.2%

Shares of American Homes 4 Rent stock traded up $0.06 on Wednesday, hitting $33.43. 5,263,222 shares of the company traded hands, compared to its average volume of 2,474,316. The stock's 50 day moving average price is $35.04 and its 200-day moving average price is $36.12. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $40.29. The company has a market cap of $12.40 billion, a PE ratio of 30.12, a PEG ratio of 2.81 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. American Homes 4 Rent's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities research analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.30 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.6%. American Homes 4 Rent's dividend payout ratio is presently 108.11%.

Institutional Trading of American Homes 4 Rent

Hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of American Homes 4 Rent in the 1st quarter valued at approximately $29,000. Hantz Financial Services Inc. grew its stake in shares of 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 buying an additional 747 shares during the period. Parallel Advisors LLC grew its stake in shares of American Homes 4 Rent by 171.1% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 532 shares during the period. AlphaQuest LLC purchased a new stake in shares of American Homes 4 Rent in the 2nd quarter valued at approximately $33,000. Finally, Pandora Wealth Inc. purchased a new stake in shares of American Homes 4 Rent in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 91.87% of the company's stock.

American Homes 4 Rent Company Profile

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.