American Homes 4 Rent (NYSE:AMH) Raised to "Outperform" at Wolfe Research

Key Points

• Wolfe Research upgraded American Homes 4 Rent (NYSE:AMH) from a "peer perform" to an "outperform" rating, with a target price of $38.00, indicating a potential upside of 15.77%.
• Despite the upgrade, other analysts such as Barclays and Goldman Sachs have recently lowered their target prices on the stock, reflecting mixed sentiments in the market.
• American Homes 4 Rent recently reported stronger-than-expected earnings for the last quarter, with a net margin of 23.72% and a revenue increase of 8.0% year-over-year.

American Homes 4 Rent (NYSE:AMH - Get Free Report) was upgraded by equities research analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a note issued to investors on Thursday,Finviz reports. The firm currently has a $38.00 price target on the real estate investment trust's stock. Wolfe Research's target price indicates a potential upside of 15.77% from the company's previous close.

Several other research analysts also recently commented on the company. Barclays lowered their target price on American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. The Goldman Sachs Group cut shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $43.00 to $37.00 in a research report on Wednesday, September 17th. Citigroup lowered shares of American Homes 4 Rent from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research report on Friday, June 6th. Evercore ISI lowered their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Finally, Morgan Stanley raised their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a report on Tuesday, August 19th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.69.

American Homes 4 Rent Stock Performance

NYSE AMH opened at $32.82 on Thursday. The firm's 50 day simple moving average is $34.51 and its 200 day simple moving average is $35.97. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 2.80 and a beta of 0.75. 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 1 year low of $31.68 and a 1 year high of $39.49.

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

Hedge Funds Weigh In On American Homes 4 Rent

A number of hedge funds have recently made changes to their positions in AMH. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in American Homes 4 Rent by 16.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,691 shares of the real estate investment trust's stock valued at $3,921,000 after purchasing an additional 14,278 shares during the period. Asset Management One Co. Ltd. increased its position in shares of American Homes 4 Rent by 3.4% during the first quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust's stock worth $26,014,000 after buying an additional 22,391 shares during the period. Cerity Partners LLC raised its stake in American Homes 4 Rent by 152.4% during the first quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust's stock worth $1,632,000 after buying an additional 26,057 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in American Homes 4 Rent by 27.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,587 shares of the real estate investment trust's stock valued at $511,000 after buying an additional 2,930 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC boosted its position in American Homes 4 Rent by 206.4% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust's stock valued at $46,132,000 after acquiring an additional 821,874 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

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.

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