Wells Fargo & Company Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $34.00

American Homes 4 Rent (NYSE:AMH) had its price objective reduced by Wells Fargo & Company from $37.00 to $34.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other analysts have also recently issued reports about the company. Mizuho reissued a “neutral” rating and issued a $32.00 price target (down from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th. Raymond James Financial reiterated a “market perform” rating on shares of American Homes 4 Rent in a research report on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of American Homes 4 Rent in a report on Wednesday, January 21st. Citigroup decreased their target price on shares of American Homes 4 Rent from $34.50 to $33.50 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Finally, Citizens Jmp lowered their price target on shares of American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating on the stock in a research note on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.78.

American Homes 4 Rent Trading Down 0.2%

NYSE AMH opened at $29.94 on Thursday. The stock has a market capitalization of $10.89 billion, a P/E ratio of 25.37, a P/E/G ratio of 4.27 and a beta of 0.80. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49. The firm has a 50-day moving average price of $31.15 and a 200 day moving average price of $32.19. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.66.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.14). American Homes 4 Rent had a net margin of 24.48% and a return on equity of 5.93%. The business had revenue of $402.93 million during the quarter, compared to analysts’ expectations of $459.24 million. During the same period in the prior year, the firm posted $0.45 EPS. American Homes 4 Rent’s revenue for the quarter was up 4.2% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. Equities research analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.30. American Homes 4 Rent’s dividend payout ratio (DPR) is 101.69%.

Insider Buying and Selling

In other news, Director Jack E. Corrigan bought 5,000 shares of the stock in a transaction on Tuesday, December 9th. The shares were bought at an average price of $22.96 per share, with a total value of $114,800.00. Following the completion of the acquisition, the director owned 17,300 shares of the company’s stock, valued at approximately $397,208. This trade represents a 40.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham purchased 1,571 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average price of $24.00 per share, with a total value of $37,704.00. Following the transaction, the director owned 43,517 shares of the company’s stock, valued at approximately $1,044,408. This represents a 3.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 9,771 shares of company stock valued at $239,884. 6.32% of the stock is owned by insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its holdings in American Homes 4 Rent by 24.2% during the 4th quarter. Hsbc Holdings PLC now owns 715,469 shares of the real estate investment trust’s stock valued at $22,969,000 after acquiring an additional 139,563 shares in the last quarter. Tobam purchased a new stake in shares of American Homes 4 Rent in the fourth quarter valued at about $656,000. Kera Capital Partners Inc. acquired a new stake in shares of American Homes 4 Rent in the fourth quarter valued at approximately $527,000. Invesco Ltd. grew its position in shares of American Homes 4 Rent by 30.1% in the fourth quarter. Invesco Ltd. now owns 6,161,646 shares of the real estate investment trust’s stock valued at $197,789,000 after purchasing an additional 1,425,912 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in shares of American Homes 4 Rent by 162.5% during the 4th quarter. Corient Private Wealth LLC now owns 44,196 shares of the real estate investment trust’s stock worth $1,419,000 after purchasing an additional 27,359 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

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.