Scotiabank Has Lowered Expectations for American Homes 4 Rent (NYSE:AMH) Stock Price

American Homes 4 Rent (NYSE:AMH) had its price target cut by equities researchers at Scotiabank from $33.00 to $31.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 3.40% from the company’s previous close.

AMH has been the subject of several other research reports. Royal Bank Of Canada reduced their price objective on shares of American Homes 4 Rent from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Wells Fargo & Company cut their price target on shares of American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Barclays decreased their price objective 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. Citizens Jmp cut their target price on American Homes 4 Rent from $41.00 to $37.00 and set a “market outperform” rating on the stock in a research report on Monday, February 23rd. Finally, Morgan Stanley reduced their target price on American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.91.

American Homes 4 Rent Stock Down 0.2%

Shares of NYSE AMH opened at $29.98 on Wednesday. The business has a 50-day moving average of $31.19 and a two-hundred day moving average of $32.24. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 4.29 and a beta of 0.80. American Homes 4 Rent has a 1 year low of $28.84 and a 1 year high of $39.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.63 and a quick 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 return on equity of 5.93% and a net margin of 24.48%.American Homes 4 Rent’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. On average, analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 cost of $22.96 per share, for a total transaction of $114,800.00. Following the purchase, the director owned 17,300 shares of the company’s stock, valued at $397,208. This trade represents a 40.65% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Goldberg bought 2,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of $29.17 per share, for a total transaction of $58,340.00. Following the acquisition, the director owned 34,723 shares of the company’s stock, valued at approximately $1,012,869.91. This trade represents a 6.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 9,771 shares of company stock valued at $239,884 over the last quarter. 6.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its position in American Homes 4 Rent by 10,728.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 758 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 751 shares during the last quarter. IFP Advisors Inc increased 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 worth $26,000 after acquiring an additional 441 shares during the period. True Wealth Design LLC raised its holdings in American Homes 4 Rent by 230.8% during the fourth quarter. True Wealth Design LLC now owns 827 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 577 shares in the last quarter. Hantz Financial Services Inc. lifted its position in American Homes 4 Rent by 922.2% in the second quarter. Hantz Financial Services Inc. now owns 828 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 747 shares during the period. Finally, AlphaQuest LLC acquired a new stake in American Homes 4 Rent in the second quarter valued at about $33,000. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

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.