Wells Fargo & Company Forecasts Strong Price Appreciation for American Homes 4 Rent (NYSE:AMH) Stock

Key Points

• Wells Fargo raised American Homes 4 Rent’s price target to $38 from $36 and maintained an “overweight” rating, implying 11.7% upside from the stock’s $34.02 price.
• Analyst sentiment remains positive, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $36.81; targets from other firms range as high as $39.
• American Homes 4 Rent exceeded quarterly earnings expectations, reporting $0.31 EPS versus the $0.18 consensus and $470.1 million in revenue, up 2.8% year over year. Institutional investors own 91.87% of the company, while insiders have recently bought shares.

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its price target boosted by Wells Fargo & Company from $36.00 to $38.00 in a research note issued 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 suggests a potential upside of 11.70% from the stock's current price.

A number of other equities analysts have also weighed in on AMH. Keefe, Bruyette & Woods upped their target price on shares of 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. Deutsche Bank Aktiengesellschaft set a $39.00 price target on American Homes 4 Rent in a report on Friday, June 26th. Morgan Stanley reduced their price objective on American Homes 4 Rent from $39.00 to $38.50 and set an "overweight" rating for the company in a research report on Wednesday, May 27th. Compass Point started coverage on American Homes 4 Rent in a research report on Tuesday, April 28th. They issued a "buy" rating and a $37.50 target price on the stock. Finally, Royal Bank Of Canada boosted their target price on American Homes 4 Rent from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $36.81.

American Homes 4 Rent Trading Down 1.8%

Shares of AMH stock traded down $0.61 on Monday, hitting $34.02. The stock had a trading volume of 739,500 shares, compared to its average volume of 3,423,768. 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 twelve month low of $27.22 and a twelve month high of $35.85. The company has a fifty day moving average price of $33.33 and a two-hundred day moving average price of $31.44. The firm has a market cap of $12.27 billion, a P/E ratio of 27.00, a PEG ratio of 6.26 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.13. The firm had revenue of $470.10 million during the quarter, compared to analysts' expectations of $466.51 million. American Homes 4 Rent had a return on equity of 6.25% and a net margin of 25.53%.The company's revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. American Homes 4 Rent has set its FY 2026 guidance at 1.930-1.970 EPS. As a group, analysts forecast that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

Insider Activity at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 2,041 shares of the firm's stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the purchase, the director owned 17,000 shares in the company, valued at approximately $400,010. This represents a 13.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 5,000 shares of company stock worth $117,024. Insiders own 5.70% of the company's stock.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently made changes to their positions in the company. M&T Bank Corp increased its position in American Homes 4 Rent by 386.9% during the 4th quarter. M&T Bank Corp now owns 39,333 shares of the real estate investment trust's stock worth $1,262,000 after purchasing an additional 31,254 shares in the last quarter. Principal Financial Group Inc. boosted its position in American Homes 4 Rent by 8.7% in the fourth quarter. Principal Financial Group Inc. now owns 15,810,964 shares of the real estate investment trust's stock valued at $507,532,000 after buying an additional 1,260,717 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in American Homes 4 Rent in the first quarter valued at approximately $2,638,000. Strs Ohio grew its stake in shares of American Homes 4 Rent by 50.5% during the fourth quarter. Strs Ohio now owns 246,263 shares of the real estate investment trust's stock worth $7,905,000 after buying an additional 82,615 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC grew its stake in shares of American Homes 4 Rent by 5.8% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,056,123 shares of the real estate investment trust's stock worth $98,102,000 after buying an additional 167,314 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company's stock.

About American Homes 4 Rent

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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