Wells Fargo & Company Lowers American Homes 4 Rent (NYSE:AMH) Price Target to $38.00

Key Points

• Wells Fargo & Company has reduced the price target for American Homes 4 Rent (NYSE:AMH) from $39.00 to $38.00, although they maintain an "overweight" rating on the stock, indicating a potential 16.85% upside from the previous close.
• Analysts have mixed opinions on American Homes 4 Rent, with eight rating it as a "Buy" while seven analysts have given it a "Hold" rating, resulting in a consensus rating of "Moderate Buy" and an average target price of $39.57.
• American Homes 4 Rent recently reported a quarterly earnings per share (EPS) of $0.47, which slightly surpassed analysts' expectations, contributing to a year-over-year revenue increase of 8.0%.

American Homes 4 Rent (NYSE:AMH - Get Free Report) had its target price reduced by Wells Fargo & Company from $39.00 to $38.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price indicates a potential upside of 16.85% from the company's previous close.

Several other analysts have also issued reports on the company. Wolfe Research raised American Homes 4 Rent from a "peer perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Thursday, October 2nd. Barclays cut their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. The Goldman Sachs Group lowered American Homes 4 Rent from a "buy" rating to a "neutral" rating and lowered their target price for the company from $43.00 to $37.00 in a research note on Wednesday, September 17th. Weiss Ratings restated a "hold (c)" rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the company an "overweight" rating in a research report on Tuesday, August 19th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $39.57.

American Homes 4 Rent Price Performance

Shares of NYSE:AMH opened at $32.52 on Monday. The company's fifty day moving average price is $34.09 and its 200-day moving average price is $35.75. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.97 and a beta of 0.75. American Homes 4 Rent has a one year low of $31.68 and a one year high of $39.49.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS 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 business had revenue of $457.50 million for the quarter, compared to analysts' expectations of $451.50 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. On average, equities research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of American Homes 4 Rent during the second quarter valued at approximately $796,706,000. JPMorgan Chase & Co. boosted its stake in American Homes 4 Rent by 15.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust's stock valued at $601,169,000 after purchasing an additional 2,094,497 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of American Homes 4 Rent by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust's stock worth $250,566,000 after purchasing an additional 31,179 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of American Homes 4 Rent by 1.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,421,478 shares of the real estate investment trust's stock worth $159,483,000 after purchasing an additional 54,618 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of American Homes 4 Rent by 4.1% during the second quarter. Burgundy Asset Management Ltd. now owns 4,280,147 shares of the real estate investment trust's stock valued at $154,385,000 after purchasing an additional 168,851 shares in the last quarter. Institutional investors own 91.87% of the company's stock.

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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