American Homes 4 Rent (NYSE:AMH) Price Target Cut to $39.00 by Analysts at Morgan Stanley

American Homes 4 Rent (NYSE:AMH) had its target price reduced by Morgan Stanley from $40.00 to $39.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently weighed in on AMH. Scotiabank decreased their price objective on American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 4th. Mizuho reissued a “neutral” rating and issued a $32.00 target price (down from $33.00) on shares of American Homes 4 Rent in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Wednesday, January 21st. Wells Fargo & Company lowered their price target on American Homes 4 Rent from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Finally, The Goldman Sachs Group set a $37.00 price objective on American Homes 4 Rent in a research note on Monday, December 15th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.72.

American Homes 4 Rent Trading Down 1.5%

Shares of AMH stock opened at $29.46 on Monday. The firm has a fifty day moving average of $31.10 and a 200-day moving average of $32.13. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of 24.97, 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 company has a debt-to-equity ratio of 0.66, a quick ratio of 0.63 and a current ratio of 0.63.

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

American Homes 4 Rent Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. This is an increase from American Homes 4 Rent’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, March 13th. American Homes 4 Rent’s dividend payout ratio is presently 101.69%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham purchased 1,571 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average cost of $24.00 per share, for a total transaction of $37,704.00. Following the transaction, the director directly owned 43,517 shares in the company, valued at approximately $1,044,408. The trade was a 3.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director David Goldberg purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average cost of $29.30 per share, with a total value of $58,600.00. Following the completion of the acquisition, the director directly owned 36,723 shares in the company, valued at approximately $1,075,983.90. This represents a 5.76% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 6,771 shares of company stock worth $183,684 over the last three months. 6.01% of the stock is owned by company insiders.

Institutional Trading of American Homes 4 Rent

A number of hedge funds and other institutional investors have recently made changes to their positions in AMH. Commonwealth Equity Services LLC increased its position in American Homes 4 Rent by 3.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,797 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 321 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of American Homes 4 Rent by 7.3% during the third quarter. AE Wealth Management LLC now owns 6,149 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 418 shares in the last quarter. Assetmark Inc. grew its stake in shares of American Homes 4 Rent by 21.6% during the third quarter. Assetmark Inc. now owns 2,360 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 420 shares during the last quarter. IFP Advisors Inc grew its stake in shares of American Homes 4 Rent by 122.2% during the fourth quarter. IFP Advisors Inc now owns 802 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 441 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings 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 valued at $32,000 after purchasing an additional 442 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.