American Homes 4 Rent

AMH · NYSE

$31.16+$0.02 (+0.06%)TodayMarket closed · Oct 21, 4:00 AM ET

Prev close $31.14

AMH analyst rating

BuyConsensus of 18 analysts over the last 12 months. 56% rate it a buy.

Strong buy0
Buy10
Hold8
Underperform0
Sell0

12-month price target · 24 analysts

Average $37.81 (+21.4% upside)

Low: $31.31
Now: $31.16
High: $44.10

Upgrades and downgrades

The latest rating actions, newest first

AMH analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 19, 2026	Maintains	Overweight	$38.00 → $34.00	48%
Barclays	Oct 14, 2026	Maintains	Equal-Weight	$36.00 → $35.00	50%
RBC Capital	Oct 13, 2026	Maintains	Outperform	$37.00 → $35.00	38%
UBS	Oct 12, 2026	Maintains	Neutral	$35.00 → $32.00	45%
Evercore ISI Group	Sep 21, 2026	Maintains	Outperform	$38.00 → $37.00	45%
Mizuho	Sep 21, 2026	Upgrade	Neutral → Outperform	$35.00 → $36.00	44%
Scotiabank	Sep 17, 2026	Maintains	Sector Perform	$33.00 → $31.00	47%
JP Morgan	Aug 19, 2026	Maintains	Neutral	$35.00 → $38.00	58%
Morgan Stanley	Aug 12, 2026	Maintains	Overweight	$38.50 → $38.00	29%
Wells Fargo	Aug 10, 2026	Maintains	Overweight	$36.00 → $38.00	48%

The case for and against

Updated Aug 11, 2026

Bull case

American Homes 4 Rent is well positioned in the market with a diverse portfolio of single-family properties in high-demand markets of the Southern and Midwestern regions. The recent slight beat in core FFO and the repeated guidance for 2026 are indicative of a strong outlook for the company. With improvements in new lease rates and occupancy, as well as a favorable supply outlook, the company is expected to continue its growth trajectory. Additionally, the intentional shift of lease expirations and the potential for further share repurchases demonstrate the company's focus on maximizing returns for investors. The risks to this positive outlook include economic trends, competition, and regulatory changes.

Bear case

American Homes 4 Rent is facing a challenging leasing season, resulting in lower occupancy and weaker pricing power. This is due to heavy levels of supply in the market and a pivot in strategy to prioritize occupancy. Additionally, the company's development business is facing uncertainty and the ongoing costs could impact their financials in the near term. While the company has a strong balance sheet and is trading at a discount to market values, we have concerns about their ability to compete with other rental housing options and maintain profitability in the long term.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.