American Homes 4 Rent (NYSE:AMH) Raised to Strong-Buy at Jefferies Financial Group

by · The Markets Daily

American Homes 4 Rent (NYSE:AMH – Get Free Report) was upgraded by Jefferies Financial Group to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

AMH has been the topic of several other reports. Raymond James Financial raised American Homes 4 Rent from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research report on Monday, May 18th. Royal Bank Of Canada boosted their target price on American Homes 4 Rent from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Keefe, Bruyette & Woods upped their target price on shares of American Homes 4 Rent from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Scotiabank raised their price target on shares of American Homes 4 Rent from $32.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.08.

Check Out Our Latest Research Report on AMH

American Homes 4 Rent Stock Performance

AMH stock opened at $34.05 on Friday. The stock’s 50 day simple moving average is $31.97 and its 200 day simple moving average is $30.97. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $36.86. The stock has a market capitalization of $12.28 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 4.49 and a beta of 0.81.

American Homes 4 Rent (NYSE:AMH – Get Free Report) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.30. American Homes 4 Rent had a return on equity of 6.08% and a net margin of 25.27%.The business had revenue of $472.02 million during the quarter, compared to analyst estimates of $470.62 million. During the same quarter last year, the company earned $0.46 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. American Homes 4 Rent has set its FY 2026 guidance at 1.890-1.950 EPS. As a group, research analysts forecast that American Homes 4 Rent will post 1.88 earnings per share for the current fiscal year.

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan acquired 2,041 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of $23.53 per share, for a total transaction of $48,024.73. Following the completion of the transaction, the director owned 17,000 shares in the company, valued at $400,010. The trade was a 13.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 5,000 shares of company stock valued at $117,024 over the last three months. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On American Homes 4 Rent

A number of large investors have recently made changes to their positions in AMH. Norges Bank purchased a new stake in shares of American Homes 4 Rent during the 4th quarter valued at about $710,672,000. Bank of Montreal Can lifted its stake in shares of American Homes 4 Rent by 3,526.2% in the 4th quarter. Bank of Montreal Can now owns 4,599,850 shares of the real estate investment trust’s stock worth $147,655,000 after purchasing an additional 4,472,998 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of American Homes 4 Rent by 19.8% in the first quarter. Principal Financial Group Inc. now owns 18,937,398 shares of the real estate investment trust’s stock worth $528,736,000 after buying an additional 3,126,434 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of American Homes 4 Rent by 1,299.8% in the fourth quarter. AQR Capital Management LLC now owns 3,112,624 shares of the real estate investment trust’s stock worth $99,915,000 after buying an additional 2,890,263 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of American Homes 4 Rent by 104.4% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,850,171 shares of the real estate investment trust’s stock worth $155,690,000 after buying an additional 2,477,585 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

About American Homes 4 Rent

(Get Free Report)

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.

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