JPMorgan Chase & Co. Issues Positive Forecast for American Homes 4 Rent (NYSE:AMH) Stock Price

Key Points

• JPMorgan raised American Homes 4 Rent’s price target from $35 to $38 while maintaining a “neutral” rating, implying 11.29% upside from the previous close.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $36.83; several firms recently increased their targets and issued “outperform” or “buy” ratings.
• American Homes 4 Rent exceeded quarterly earnings expectations, reporting $0.31 in EPS versus $0.18 expected and $470.1 million in revenue. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its target price hoisted by JPMorgan Chase & Co. from $35.00 to $38.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 11.29% from the stock's previous close.

A number of other equities research analysts have also recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on American Homes 4 Rent from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their target price 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. Scotiabank boosted their target price on American Homes 4 Rent from $32.00 to $33.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 18th. Mizuho upped their price target on American Homes 4 Rent from $29.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, June 17th. Finally, Compass Point began coverage on shares of American Homes 4 Rent in a research note on Tuesday, April 28th. They set a "buy" rating and a $37.50 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of "Moderate Buy" and a consensus target price of $36.83.

American Homes 4 Rent Trading Up 1.4%

Shares of NYSE AMH traded up $0.47 during mid-day trading on Wednesday, hitting $34.15. The company's stock had a trading volume of 777,696 shares, compared to its average volume of 3,367,769. American Homes 4 Rent has a one year low of $27.22 and a one year high of $35.85. The company's fifty day simple moving average is $33.50 and its 200-day simple moving average is $31.55. 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 stock has a market cap of $12.31 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of 6.16 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business had revenue of $470.10 million for the quarter, compared to analyst estimates of $466.51 million. During the same period in the prior year, the business posted $0.47 earnings per share. American Homes 4 Rent's revenue was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Homes 4 Rent

Hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in American Homes 4 Rent during the 4th quarter worth approximately $710,672,000. Principal Financial Group Inc. increased its position in shares of American Homes 4 Rent by 19.8% during the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust's stock worth $528,736,000 after acquiring an additional 3,126,434 shares in the last quarter. State Street Corp raised its holdings in shares of American Homes 4 Rent by 2.2% during the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust's stock worth $612,605,000 after acquiring an additional 399,894 shares during the period. Geode Capital Management LLC lifted its position in American Homes 4 Rent by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 7,355,760 shares of the real estate investment trust's stock valued at $235,572,000 after acquiring an additional 161,676 shares in the last quarter. Finally, Invesco Ltd. lifted its position in American Homes 4 Rent by 30.1% in the 4th quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust's stock valued at $197,789,000 after acquiring an additional 1,425,912 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

American Homes 4 Rent Company Profile

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.

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