American Homes 4 Rent (NYSE:AMH) Lowered to Neutral Rating by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of American Homes 4 Rent (NYSE:AMH) from a buy rating to a neutral rating in a research report report published on Wednesday morning, MarketBeat Ratings reports. They currently have $37.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $43.00.

A number of other brokerages have also weighed in on AMH. Barclays dropped their price objective on American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. Evercore ISI dropped their price objective on American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday. Morgan Stanley upped their price objective on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Finally, Citigroup lowered American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a report on Friday, June 6th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average target price of $39.83.

American Homes 4 Rent Trading Down 0.2%

NYSE:AMH opened at $33.28 on Wednesday. The firm has a market cap of $12.34 billion, a P/E ratio of 29.98, a PEG ratio of 2.81 and a beta of 0.75. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $35.13 and its 200-day simple moving average is $36.17. American Homes 4 Rent has a 12-month low of $31.68 and a 12-month high of $40.55.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (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 analyst estimates of $451.50 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. Equities analysts anticipate that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, September 15th. American Homes 4 Rent’s dividend payout ratio is presently 108.11%.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors have recently added to or reduced their stakes in AMH. Golden State Wealth Management LLC acquired a new position in American Homes 4 Rent in the first quarter valued at $29,000. Hantz Financial Services Inc. increased its stake in American Homes 4 Rent by 922.2% in the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 747 shares during the last quarter. Parallel Advisors LLC increased its stake in American Homes 4 Rent by 171.1% in the first quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 532 shares during the last quarter. AlphaQuest LLC acquired a new position in American Homes 4 Rent in the second quarter valued at $33,000. Finally, Pandora Wealth Inc. acquired a new stake in American Homes 4 Rent during the first quarter worth about $38,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.