Wall Street Zen Upgrades American Homes 4 Rent (NYSE:AMH) to Hold

American Homes 4 Rent (NYSE:AMH) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research analysts also recently issued reports on AMH. Wells Fargo & Company cut their price target on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Keefe, Bruyette & Woods cut their target price on shares of American Homes 4 Rent from $40.00 to $37.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Scotiabank lowered their price target on shares of American Homes 4 Rent from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Monday, November 10th. The Goldman Sachs Group downgraded 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 research report on Wednesday, September 17th. Finally, Barclays lowered their target price on American Homes 4 Rent from $39.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.14.

American Homes 4 Rent Stock Down 0.3%

AMH stock opened at $31.11 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $32.09 and its 200 day moving average price is $34.20. American Homes 4 Rent has a 52 week low of $30.11 and a 52 week high of $39.49. The company has a market cap of $11.54 billion, a P/E ratio of 26.36, a P/E/G ratio of 2.93 and a beta of 0.80.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The business had revenue of $478.46 million for the quarter, compared to analyst estimates of $475.75 million. During the same quarter in the previous year, the company earned $0.44 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. On average, research analysts expect that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jack E. Corrigan acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were bought at an average cost of $22.96 per share, for a total transaction of $114,800.00. Following the acquisition, the director directly owned 17,300 shares in the company, valued at $397,208. This trade represents a 40.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas N. Benham bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were purchased at an average price of $31.65 per share, with a total value of $31,650.00. Following the acquisition, the director directly owned 7,991 shares in the company, valued at approximately $252,915.15. This trade represents a 14.30% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 6.32% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB lifted its holdings in shares of American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 751 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of 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 worth $30,000 after buying an additional 747 shares during the period. Parallel Advisors LLC boosted its position in shares of American Homes 4 Rent by 84.8% in the third quarter. Parallel Advisors LLC now owns 963 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 442 shares during the period. AlphaQuest LLC acquired a new stake in shares of American Homes 4 Rent in the second quarter valued at about $33,000. Finally, SVB Wealth LLC purchased a new stake in shares of American Homes 4 Rent during the 1st quarter valued at about $42,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

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.