Mizuho Lowers American Homes 4 Rent (NYSE:AMH) Price Target to $34.00

American Homes 4 Rent (NYSE:AMH) had its price objective decreased by analysts at Mizuho from $36.00 to $34.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Mizuho’s price target would suggest a potential upside of 2.11% from the company’s current price.

AMH has been the subject of a number of other reports. Wells Fargo & Company lowered their price target on American Homes 4 Rent from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. Wolfe Research upgraded American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Thursday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research report on Wednesday, October 8th. Morgan Stanley raised their price target on American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Finally, The Goldman Sachs Group downgraded American Homes 4 Rent from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $43.00 to $37.00 in a research report on Wednesday, September 17th. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.36.

American Homes 4 Rent Stock Up 0.6%

NYSE AMH opened at $33.30 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $12.35 billion, a P/E ratio of 30.00, a P/E/G ratio of 3.03 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. The stock has a 50 day moving average price of $33.80 and a 200-day moving average price of $35.53.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $457.50 million during the quarter, compared to the consensus estimate of $451.50 million. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%.American Homes 4 Rent’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. American Homes 4 Rent has set its FY 2025 guidance at 1.840-1.880 EPS. As a group, equities analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMH. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in American Homes 4 Rent by 16.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 103,691 shares of the real estate investment trust’s stock worth $3,921,000 after acquiring an additional 14,278 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of American Homes 4 Rent by 3.4% during the first quarter. Asset Management One Co. Ltd. now owns 688,009 shares of the real estate investment trust’s stock worth $26,014,000 after purchasing an additional 22,391 shares during the period. Cerity Partners LLC raised its position in American Homes 4 Rent by 152.4% during the first quarter. Cerity Partners LLC now owns 43,157 shares of the real estate investment trust’s stock valued at $1,632,000 after acquiring an additional 26,057 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in American Homes 4 Rent by 27.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,587 shares of the real estate investment trust’s stock valued at $511,000 after acquiring an additional 2,930 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in American Homes 4 Rent by 206.4% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,220,109 shares of the real estate investment trust’s stock valued at $46,132,000 after acquiring an additional 821,874 shares in the last quarter. Hedge funds and other 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.