American Homes 4 Rent’s Price Target Raised Following Q1 Report
Keefe, Bruyette & Woods analysts increased their price target for American Homes 4 Rent (NYSE:AMH) to $39 from $38 and maintained their Market Perform rating on the stock. The firm’s decision follows the company's first-quarter results, which exceeded expectations due to improved property revenue and reduced property operating expenses.
The analysts noted that same-home core results were stable and management did not change its guidance. The report details a year-over-year same-home net operating income (NOI) increase of 4.9%, with revenue up 5.3% and expenses up 5.9%. The NOI after capital expenditures grew by 5.1%, and the NOI margin after capital expenditures was 61.8%. Average occupancy was 96.2%, showing a 100 basis point decrease year-over-year but a 10 basis point increase quarter-over-quarter. Bad debt expense decreased by 22 basis points quarter-over-quarter to 1.07%.
| Symbol | Price | %chg |
|---|---|---|
| 3269.T | 160100 | 0 |
| 8986.T | 105100 | 0 |
| 3282.T | 304500 | 0 |
| 3278.T | 210500 | 0 |
American Homes 4 Rent (NYSE: AMH): A Strong Contender in the Single-Family Home Rental Market
- The consensus price target for AMH has slightly declined from $41.64 to $38.50, yet analyst Linda Tsai sets a higher target at $43.
- AMH benefits from low benchmark interest rates and is expected to be a standout performer in the upcoming earnings season within the REIT sector.
- The company's announcement on the tax treatment for its 2024 cash distributions highlights its strong fundamentals and attractive investment potential in the current market.
American Homes 4 Rent (NYSE:AMH) is a key player in the single-family home rental market. As a real estate investment trust (REIT), AMH focuses on acquiring, developing, and managing single-family homes across the U.S. The company is known for its high-quality rental properties and tenant satisfaction. It competes with other REITs like Kimco Realty and Vornado Realty Trust.
The consensus price target for AMH has seen a slight decline over the past year. A year ago, analysts set a target of $41.64, which has decreased to $38.50 last month. This trend may reflect changing market conditions and broader economic factors. However, Jefferies analyst Linda Tsai has set a higher price target of $43, indicating a positive outlook for AMH.
Recent market trends have shown a mixed performance in U.S. equity markets. The S&P 500 and Nasdaq 100 have rebounded, despite inflation concerns. Benchmark interest rates remain low, which benefits real estate equities like AMH. The REIT sector is expected to perform well in the upcoming earnings season, with AMH among the standout performers.
AMH has announced the tax treatment for its 2024 cash distributions, with a mix of ordinary dividend income and capital gain distributions. This classification is important for investors as it affects their tax liabilities. The company's strong fundamentals and favorable earnings yield spreads make it an attractive investment, especially in the current market environment.
Despite recent market selloffs, REITs like AMH offer strong fundamentals and potential for long-term growth. They are currently undervalued and often treated as bond proxies. With robust commercial real estate fundamentals and historical outperformance following Fed rate cuts, AMH presents a promising opportunity for dividend growth investors.
American Homes 4 Rent (NYSE: AMH): A Strong Contender in the Single-Family Home Rental Market
- The consensus price target for AMH has slightly declined from $41.64 to $38.50, yet analyst Linda Tsai sets a higher target at $43.
- AMH benefits from low benchmark interest rates and is expected to be a standout performer in the upcoming earnings season within the REIT sector.
- The company's announcement on the tax treatment for its 2024 cash distributions highlights its strong fundamentals and attractive investment potential in the current market.
American Homes 4 Rent (NYSE:AMH) is a key player in the single-family home rental market. As a real estate investment trust (REIT), AMH focuses on acquiring, developing, and managing single-family homes across the U.S. The company is known for its high-quality rental properties and tenant satisfaction. It competes with other REITs like Kimco Realty and Vornado Realty Trust.
The consensus price target for AMH has seen a slight decline over the past year. A year ago, analysts set a target of $41.64, which has decreased to $38.50 last month. This trend may reflect changing market conditions and broader economic factors. However, Jefferies analyst Linda Tsai has set a higher price target of $43, indicating a positive outlook for AMH.
Recent market trends have shown a mixed performance in U.S. equity markets. The S&P 500 and Nasdaq 100 have rebounded, despite inflation concerns. Benchmark interest rates remain low, which benefits real estate equities like AMH. The REIT sector is expected to perform well in the upcoming earnings season, with AMH among the standout performers.
AMH has announced the tax treatment for its 2024 cash distributions, with a mix of ordinary dividend income and capital gain distributions. This classification is important for investors as it affects their tax liabilities. The company's strong fundamentals and favorable earnings yield spreads make it an attractive investment, especially in the current market environment.
Despite recent market selloffs, REITs like AMH offer strong fundamentals and potential for long-term growth. They are currently undervalued and often treated as bond proxies. With robust commercial real estate fundamentals and historical outperformance following Fed rate cuts, AMH presents a promising opportunity for dividend growth investors.
Evercore ISI Sets Price Target for AMH (NYSE:AMH)
- Steve Sakwa from Evercore ISI has set a price target of $42 for AMH (NYSE:AMH), indicating a potential upside of about 19%.
- AMH announced a quarterly dividend of $0.26 per share, showcasing its commitment to shareholder value.
- The stock's current price is $36.96, with a year's trading range between $33.75 and $41.41, highlighting market volatility.
On November 11, 2024, Steve Sakwa from Evercore ISI set a price target of $42 for AMH (NYSE:AMH). At the time, the stock was priced at $35.30, suggesting a potential upside of about 19%. AMH is a leading owner, operator, and developer of single-family rental homes, structured as a Maryland real estate investment trust (REIT).
AMH recently announced a dividend of $0.26 per share for the fourth quarter of 2024, payable on December 31, 2024, to shareholders recorded by December 13, 2024. This dividend reflects the company's commitment to returning value to its shareholders. Additionally, AMH's Board of Trustees declared distributions on its preferred shares, with Series G and Series H receiving $0.36719 and $0.39063 per share, respectively.
The current stock price of AMH is $36.96, marking a $0.23 increase, or 0.63%, from the previous session. The stock has traded between $36.78 and $37.39 today. Over the past year, AMH's stock has fluctuated between a high of $41.41 and a low of $33.75, indicating some volatility in its market performance.
AMH's market capitalization is approximately $13.63 billion, reflecting its significant presence in the real estate sector. The trading volume on the NYSE is 1,750,751 shares, indicating active investor interest. As AMH continues to focus on acquiring, developing, and leasing single-family rental homes, it remains a key player in the real estate investment trust market.
Evercore ISI Sets Price Target for AMH (NYSE:AMH)
- Steve Sakwa from Evercore ISI has set a price target of $42 for AMH (NYSE:AMH), indicating a potential upside of about 19%.
- AMH announced a quarterly dividend of $0.26 per share, showcasing its commitment to shareholder value.
- The stock's current price is $36.96, with a year's trading range between $33.75 and $41.41, highlighting market volatility.
On November 11, 2024, Steve Sakwa from Evercore ISI set a price target of $42 for AMH (NYSE:AMH). At the time, the stock was priced at $35.30, suggesting a potential upside of about 19%. AMH is a leading owner, operator, and developer of single-family rental homes, structured as a Maryland real estate investment trust (REIT).
AMH recently announced a dividend of $0.26 per share for the fourth quarter of 2024, payable on December 31, 2024, to shareholders recorded by December 13, 2024. This dividend reflects the company's commitment to returning value to its shareholders. Additionally, AMH's Board of Trustees declared distributions on its preferred shares, with Series G and Series H receiving $0.36719 and $0.39063 per share, respectively.
The current stock price of AMH is $36.96, marking a $0.23 increase, or 0.63%, from the previous session. The stock has traded between $36.78 and $37.39 today. Over the past year, AMH's stock has fluctuated between a high of $41.41 and a low of $33.75, indicating some volatility in its market performance.
AMH's market capitalization is approximately $13.63 billion, reflecting its significant presence in the real estate sector. The trading volume on the NYSE is 1,750,751 shares, indicating active investor interest. As AMH continues to focus on acquiring, developing, and leasing single-family rental homes, it remains a key player in the real estate investment trust market.
