American Homes 4 Rent (NYSE:AMH) Upgraded to Outperform at Wolfe Research

Wolfe Research upgraded shares of American Homes 4 Rent (NYSE:AMH) from a peer perform rating to an outperform rating in a research report released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has $38.00 target price on the real estate investment trust’s stock.

AMH has been the topic of a number of other research reports. Barclays cut their price objective on shares of 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. Morgan Stanley upped their price objective on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Evercore ISI cut their price objective on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Citigroup cut shares of 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. Finally, The Goldman Sachs Group cut shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $43.00 to $37.00 in a report on Wednesday, September 17th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.69.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $32.65 on Thursday. American Homes 4 Rent has a 1 year low of $31.68 and a 1 year high of $39.49. 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 company’s 50-day moving average is $34.44 and its 200 day moving average is $35.94. The stock has a market capitalization of $12.11 billion, a P/E ratio of 29.42, a P/E/G ratio of 2.76 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 23.72% and a return on equity of 5.60%. The company had revenue of $457.50 million for the quarter, compared to analysts’ expectations of $451.50 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. American Homes 4 Rent’s quarterly 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, sell-side analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.30 per share. The ex-dividend date was Monday, September 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. American Homes 4 Rent’s dividend payout ratio is 108.11%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. Golden State Wealth Management LLC bought a new position in American Homes 4 Rent during the first quarter valued at approximately $29,000. Hantz Financial Services Inc. lifted its position in American Homes 4 Rent by 922.2% during 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 period. Parallel Advisors LLC lifted its position in American Homes 4 Rent by 171.1% during 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 period. AlphaQuest LLC bought a new position in American Homes 4 Rent during the second quarter valued at approximately $33,000. Finally, Pandora Wealth Inc. bought a new position in American Homes 4 Rent during the first quarter valued at approximately $38,000. Institutional investors own 91.87% of the company’s stock.

About American Homes 4 Rent

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.