American Homes 4 Rent (NYSE:AMH) Given New $33.00 Price Target at Scotiabank

American Homes 4 Rent (NYSE:AMH) had its price objective decreased by Scotiabank from $35.00 to $33.00 in a research note released on Wednesday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

AMH has been the subject of a number of other reports. BMO Capital Markets reissued a “market perform” rating and issued a $37.00 price objective on shares of American Homes 4 Rent in a report on Friday, January 9th. Wall Street Zen raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Mizuho restated a “neutral” rating and set a $32.00 price objective (down from $33.00) on shares of American Homes 4 Rent in a research note on Thursday, January 8th. The Goldman Sachs Group set a $37.00 price objective on shares of American Homes 4 Rent in a report on Monday, December 15th. Finally, Barclays decreased their target price on shares of American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.19.

American Homes 4 Rent Price Performance

Shares of NYSE AMH opened at $31.44 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market capitalization of $11.67 billion, a PE ratio of 26.65, a P/E/G ratio of 2.96 and a beta of 0.79. American Homes 4 Rent has a 1-year low of $28.84 and a 1-year high of $39.49. The business’s fifty day moving average price is $31.64 and its two-hundred day moving average price is $33.35.

American Homes 4 Rent (NYSE:AMH) last released 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. The business had revenue of $478.46 million during the quarter, compared to analyst estimates of $475.75 million. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. 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 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, December 15th. American Homes 4 Rent’s payout ratio is presently 101.69%.

Insider Activity

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was bought at an average cost of $31.65 per share, with a total value of $31,650.00. Following the acquisition, the director owned 7,991 shares of the company’s stock, valued at $252,915.15. The trade was a 14.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jack E. Corrigan acquired 5,000 shares of American Homes 4 Rent stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average price of $22.96 per share, with a total value of $114,800.00. Following the transaction, the director owned 17,300 shares in the company, valued at approximately $397,208. This represents a 40.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 6.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of American Homes 4 Rent by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 44,715,728 shares of the real estate investment trust’s stock valued at $1,486,798,000 after acquiring an additional 246,713 shares during the last quarter. Norges Bank acquired a new stake in shares of American Homes 4 Rent during the second quarter worth $796,706,000. State Street Corp lifted its holdings in shares of American Homes 4 Rent by 2.2% during the third quarter. State Street Corp now owns 18,424,196 shares of the real estate investment trust’s stock valued at $612,605,000 after purchasing an additional 399,894 shares during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $250,566,000 after purchasing an additional 31,179 shares during the period. Finally, Centersquare Investment Management LLC boosted its position in shares of American Homes 4 Rent by 25.9% in the 3rd quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock valued at $175,270,000 after purchasing an additional 1,082,972 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.