Citigroup Issues Pessimistic Forecast for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its price objective dropped by research analysts at Citigroup from $34.50 to $33.50 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective points to a potential upside of 12.15% from the stock’s current price.

Other analysts also recently issued research reports about the company. BMO Capital Markets reiterated a “market perform” rating and set a $37.00 price target on shares of American Homes 4 Rent in a research report on Friday, January 9th. Scotiabank lowered their target price on shares of American Homes 4 Rent from $35.00 to $33.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 14th. Barclays cut their price target 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 note on Tuesday, January 13th. Keefe, Bruyette & Woods lowered their price objective on shares of American Homes 4 Rent from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 25th. Finally, Wall Street Zen downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Sunday, January 18th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.22.

American Homes 4 Rent Price Performance

AMH stock opened at $29.87 on Monday. The firm has a 50 day moving average of $31.26 and a 200-day moving average of $32.27. The firm has a market capitalization of $10.87 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 4.25 and a beta of 0.80. American Homes 4 Rent has a 12 month low of $28.84 and a 12 month high of $39.49. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66.

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

Insiders Place Their Bets

In related news, Director Jack E. Corrigan acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the acquisition, the director owned 17,300 shares in the company, valued at approximately $397,208. This represents a 40.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director David Goldberg bought 2,000 shares of the stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of $29.17 per share, with a total value of $58,340.00. Following the purchase, the director owned 34,723 shares in the company, valued at $1,012,869.91. The trade was a 6.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 8,571 shares of company stock valued at $210,844 over the last three months. Insiders own 6.01% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its stake in shares of American Homes 4 Rent by 1,103.6% during the first quarter. Jones Financial Companies Lllp now owns 13,047 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 11,963 shares during the period. AlphaQuest LLC purchased a new stake in American Homes 4 Rent during the 2nd quarter valued at $33,000. Envestnet Asset Management Inc. boosted its position in American Homes 4 Rent by 9.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 406,932 shares of the real estate investment trust’s stock valued at $14,635,000 after buying an additional 34,073 shares during the period. Hantz Financial Services Inc. grew its holdings in American Homes 4 Rent by 922.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 747 shares during the last quarter. Finally, Simon Quick Advisors LLC purchased a new position in shares of American Homes 4 Rent in the second quarter valued at about $224,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

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.