American Homes 4 Rent (NYSE:AMH) Given New $31.00 Price Target at Scotiabank

Key Points

• Scotiabank cut American Homes 4 Rent’s price target from $33 to $31 while maintaining a “sector perform” rating, implying roughly 1.3% downside from the prior close.
• Analyst sentiment remains broadly positive: AMH has a consensus “Moderate Buy” rating and an average price target of $36.72, despite mixed individual ratings.
• The stock rose 0.1% to $31.42. The company recently beat quarterly earnings expectations, reporting $0.31 EPS versus $0.18 expected and $470.1 million in revenue.

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its price objective cut by investment analysts at Scotiabank from $33.00 to $31.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's price objective would indicate a potential downside of 1.33% from the company's previous close.

A number of other research analysts also recently commented on the company. Jefferies Financial Group raised American Homes 4 Rent to a "strong-buy" rating in a report on Wednesday, July 22nd. Royal Bank Of Canada lifted their price objective on American Homes 4 Rent from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Keefe, Bruyette & Woods upped their target price on American Homes 4 Rent from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on American Homes 4 Rent from $35.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, August 19th. Finally, Citigroup reissued a "market outperform" rating on shares of American Homes 4 Rent in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.72.

American Homes 4 Rent Stock Up 0.1%

American Homes 4 Rent stock traded up $0.04 during midday trading on Thursday, hitting $31.42. 418,390 shares of the stock were exchanged, compared to its average volume of 3,228,281. American Homes 4 Rent has a 1 year low of $27.22 and a 1 year high of $35.07. The firm has a market cap of $11.33 billion, a P/E ratio of 24.94, a P/E/G ratio of 5.64 and a beta of 0.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. The company has a 50 day moving average price of $33.49 and a two-hundred day moving average price of $31.87.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.13. The company had revenue of $470.10 million during the quarter, compared to analysts' expectations of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, sell-side analysts predict that American Homes 4 Rent will post 1.91 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jack Corrigan acquired 8,000 shares of American Homes 4 Rent stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the transaction, the director directly owned 25,000 shares of the company's stock, valued at $537,250. This trade represents a 47.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders purchased 15,000 shares of company stock valued at $328,040. Company insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On American Homes 4 Rent

Several large investors have recently added to or reduced their stakes in AMH. Sequoia Financial Advisors LLC acquired a new position in shares of American Homes 4 Rent during the second quarter valued at $380,000. NewEdge Advisors LLC acquired a new stake in shares of American Homes 4 Rent in the 2nd quarter worth about $339,000. IFP Advisors Inc increased its holdings in shares of American Homes 4 Rent by 233.6% in the 2nd quarter. IFP Advisors Inc now owns 5,608 shares of the real estate investment trust's stock worth $188,000 after acquiring an additional 3,927 shares during the period. Squarepoint Ops LLC lifted its position in American Homes 4 Rent by 69.4% in the 2nd quarter. Squarepoint Ops LLC now owns 308,015 shares of the real estate investment trust's stock valued at $10,325,000 after purchasing an additional 126,188 shares during the last quarter. Finally, Allworth Financial LP lifted its position in American Homes 4 Rent by 35.7% in the 2nd quarter. Allworth Financial LP now owns 32,101 shares of the real estate investment trust's stock valued at $1,076,000 after purchasing an additional 8,448 shares during the last quarter. 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 real estate investment trust focused on owning, developing and operating single-family rental homes. The company leases homes to residents and manages the properties through a combination of in-house operations and technology-enabled services.

AMH's activities include acquiring and developing homes, renovating properties, providing leasing and resident services, and maintaining its rental portfolio. Its homes are generally located in planned communities and other suburban markets designed to appeal to households seeking single-family living without homeownership.

Founded in 2012, American Homes 4 Rent serves communities across several U.S.

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