American Homes 4 Rent (NYSE:AMH) Given New $34.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo cut American Homes 4 Rent’s price target from $38 to $34 while maintaining an “overweight” rating, implying approximately 10% upside from the prior close.
• Analyst sentiment remains favorable overall, with a consensus “Moderate Buy” rating and an average price target of $36.12, despite several brokerages recently lowering their targets.
• AMH shares traded at $30.90, while the company’s latest quarterly results exceeded expectations: EPS was $0.31 versus a $0.18 consensus estimate, and revenue reached $470.1 million.

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its price target cut by Wells Fargo & Company from $38.00 to $34.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price points to a potential upside of 10.04% from the stock's previous close.

Several other brokerages have also recently commented on AMH. Weiss Ratings restated a "hold (c)" rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. Royal Bank Of Canada dropped their price objective on shares of American Homes 4 Rent from $37.00 to $35.00 and set an "outperform" rating for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. increased their price objective on American Homes 4 Rent from $35.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, August 19th. Citigroup restated a "market outperform" rating on shares of American Homes 4 Rent in a research report on Wednesday, August 5th. Finally, Morgan Stanley lowered their price objective on shares of American Homes 4 Rent from $38.50 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.12.

American Homes 4 Rent Price Performance

Shares of AMH traded down $0.38 during trading hours on Monday, reaching $30.90. 493,178 shares of the stock traded hands, compared to its average volume of 3,234,862. The company has a market cap of $11.14 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 5.92 and a beta of 0.77. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. American Homes 4 Rent has a 52-week low of $27.22 and a 52-week high of $35.07. The company's 50-day moving average price is $32.14 and its two-hundred day moving average price is $32.18.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. The business had revenue of $470.10 million for 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 business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, analysts anticipate that American Homes 4 Rent will post 1.91 earnings per share for the current year.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack Corrigan bought 8,000 shares of the business's stock in a transaction dated Friday, September 11th. The stock was bought at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the completion of the purchase, the director owned 25,000 shares of the company's stock, valued at approximately $537,250. The trade was a 47.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders purchased 15,000 shares of company stock valued at $328,040. Corporate insiders own 5.70% of the company's stock.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors have recently modified their holdings of the business. NorthCrest Asset Manangement LLC raised its holdings in shares of American Homes 4 Rent by 9.3% during the third quarter. NorthCrest Asset Manangement LLC now owns 20,067 shares of the real estate investment trust's stock valued at $612,000 after acquiring an additional 1,714 shares in the last quarter. Wedmont Private Capital bought a new position in shares of American Homes 4 Rent in the third quarter worth approximately $219,000. GAMMA Investing LLC grew its holdings in American Homes 4 Rent by 10.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,943 shares of the real estate investment trust's stock valued at $241,000 after buying an additional 747 shares in the last quarter. Elevation Wealth Partners LLC grew its holdings in American Homes 4 Rent by 53.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 2,213 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 772 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of American Homes 4 Rent by 50.6% in the 3rd quarter. Versant Capital Management Inc now owns 13,320 shares of the real estate investment trust's stock worth $405,000 after purchasing an additional 4,475 shares during the period. Institutional investors own 91.87% of the company's stock.

About American Homes 4 Rent

American Homes 4 Rent NYSE: AMH is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company's activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.

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