American Homes 4 Rent (NYSE:AMH) Receives Market Outperform Rating from Citizens Jmp

Citizens Jmp reissued their market outperform rating on shares of American Homes 4 Rent (NYSE:AMH) in a research report released on Wednesday morning,Benzinga reports. Citizens Jmp currently has a $41.00 price objective on the real estate investment trust’s stock.

Other analysts have also issued reports about the company. Evercore ISI lowered their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. BMO Capital Markets reaffirmed a “market perform” rating and set a $37.00 target price on shares of American Homes 4 Rent in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, October 8th. Wall Street Zen cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Wolfe Research upgraded shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Thursday, October 2nd. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $37.44.

American Homes 4 Rent Stock Up 0.3%

AMH stock opened at $31.93 on Wednesday. American Homes 4 Rent has a 52 week low of $28.84 and a 52 week high of $39.49. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The firm has a 50-day simple moving average of $31.65 and a 200-day simple moving average of $33.22. The stock has a market capitalization of $11.85 billion, a P/E ratio of 27.06, a P/E/G ratio of 3.03 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (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 company had revenue of $478.46 million for the quarter, compared to analysts’ expectations of $475.75 million. During the same period in the previous year, the firm posted $0.44 EPS. American Homes 4 Rent’s revenue was up 7.5% compared to the same quarter last year. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Equities analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

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

Insider Activity at American Homes 4 Rent

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

Institutional Investors Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. Jones Financial Companies Lllp grew its holdings in shares of American Homes 4 Rent by 1,103.6% during the 1st quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 11,963 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in American Homes 4 Rent in the second quarter valued at about $229,000. Exchange Traded Concepts LLC lifted its position in American Homes 4 Rent by 6.8% in the second quarter. Exchange Traded Concepts LLC now owns 27,627 shares of the real estate investment trust’s stock valued at $997,000 after buying an additional 1,770 shares during the last quarter. UMB Bank n.a. boosted its stake in American Homes 4 Rent by 20.2% during the second quarter. UMB Bank n.a. now owns 3,915 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 657 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of American Homes 4 Rent by 17.4% during the second quarter. Park Avenue Securities LLC now owns 7,707 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 1,142 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

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.