American Homes 4 Rent (AMH) – Analysts’ Weekly Ratings Updates

by · The Cerbat Gem

American Homes 4 Rent (NYSE: AMH) recently received a number of ratings updates from brokerages and research firms:

  • 11/11/2024 – American Homes 4 Rent was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $42.00 price target on the stock, up previously from $41.00.
  • 11/6/2024 – American Homes 4 Rent had its price target lowered by analysts at Keefe, Bruyette & Woods from $39.00 to $38.00. They now have a “market perform” rating on the stock.
  • 10/30/2024 – American Homes 4 Rent had its price target lowered by analysts at Evercore ISI from $42.00 to $41.00. They now have an “in-line” rating on the stock.
  • 10/24/2024 – American Homes 4 Rent was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 10/14/2024 – American Homes 4 Rent was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 10/10/2024 – American Homes 4 Rent had its price target raised by analysts at Mizuho from $39.00 to $40.00. They now have an “outperform” rating on the stock.
  • 10/1/2024 – American Homes 4 Rent was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 9/23/2024 – American Homes 4 Rent was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 9/16/2024 – American Homes 4 Rent had its price target raised by analysts at JPMorgan Chase & Co. from $38.00 to $43.00. They now have a “neutral” rating on the stock.
  • 9/16/2024 – American Homes 4 Rent had its price target raised by analysts at Evercore ISI from $41.00 to $42.00. They now have an “in-line” rating on the stock.

American Homes 4 Rent Stock Performance

Shares of AMH traded down $0.27 on Thursday, reaching $37.69. 402,060 shares of the stock traded hands, compared to its average volume of 2,560,240. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 39.26, a P/E/G ratio of 3.22 and a beta of 0.77. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month high of $41.41. The stock’s 50-day moving average price is $38.25 and its 200-day moving average price is $37.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.76%. American Homes 4 Rent’s payout ratio is 108.33%.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently modified their holdings of AMH. Vinva Investment Management Ltd bought a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at about $1,021,000. Public Sector Pension Investment Board increased its stake in American Homes 4 Rent by 29.7% in the third quarter. Public Sector Pension Investment Board now owns 42,936 shares of the real estate investment trust’s stock valued at $1,648,000 after purchasing an additional 9,838 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in American Homes 4 Rent by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,827,468 shares of the real estate investment trust’s stock worth $108,546,000 after purchasing an additional 110,586 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in American Homes 4 Rent by 51.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 636,212 shares of the real estate investment trust’s stock worth $24,424,000 after purchasing an additional 217,492 shares during the period. Finally, FORA Capital LLC bought a new position in shares of American Homes 4 Rent during the third quarter worth $802,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.

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