RBC Capital Cuts American Homes 4 Rent (AMH) Price Target to $35

RBC Capital has reiterated its Outperform rating on American Homes 4 Rent (NYSE: AMH) with a new price target of $35.0, down from $37.0. This update was published on October 13, 2026. The stock closed at $31.02, suggesting a gap that could indicate upside potential based on RBC's outlook.

Other Institutional Activity in American Homes 4 Rent

Blackrock Inc. grew its holdings by 1,209,863 shares, ending with 45,690,102 shares worth about $1.42 billion. Principal Financial Group, Inc. added 1,753,662 shares, bringing its total to 20,691,697 shares valued at approximately $644.2 million. In contrast, Vanguard Portfolio Management LLC trimmed its stake by 599,508 shares, resulting in 28,085,068 shares worth about $874.4 million. NORGES BANK slightly reduced its holdings, selling 57,560 shares to hold 22,081,035 shares valued at around $687.5 million, while State Street Corporation decreased its position by 593,577 shares, ending with 15,624,386 shares worth about $486.5 million.

American Homes 4 Rent Stock Up 0.7%

The stock of American Homes 4 Rent trades under its new price target of $35.0, closing at $31.02 recently. This price is below both its 52-week high of $35.07 and its 52-week low of $27.22, suggesting it has room for growth if it approaches the analyst targets. The stock's performance is also supported by a market capitalization of approximately $11.24 billion and a P/E ratio of 24.8.

Recent Earnings

In its latest earnings report, American Homes 4 Rent posted revenue of $1.88 billion, reflecting a growth of 2.8% year-over-year. The company achieved earnings per share (EPS) of $1.26 and a net margin of 25.5%. The next earnings report is scheduled for October 28, 2026.

Dividend

American Homes 4 Rent pays an annual dividend of $1.32 per share, which gives it a yield of 4.26%. The company maintains a dividend payout ratio of 100%, indicating it pays out all of its earnings as dividends.

Insider Buying and Selling at American Homes 4 Rent

Several insiders have made transactions recently. Director David Goldberg bought 2,000 shares on March 3, 2026, at an average price of $29.30, totaling about $58,600. On February 24, 2026, Officer Brian Reitz sold 7,000 shares for approximately $205,380. Goldberg also purchased another 2,000 shares on February 24, 2026, for about $58,340, and Director Douglas N. Benham bought 2,000 shares on February 23, 2026, at a price of $29.15, worth around $58,300.

Analysts Set New Price Targets

On October 14, 2026, Barclays maintained its Equal-Weight rating with a price target of $35.0, down from $36.0. On the same day, RBC Capital reiterated its Outperform rating with a target of $35.0. UBS also maintained its Neutral rating with a target of $32.0, reduced from $35.0. Meanwhile, Evercore ISI Group kept its Outperform rating, adjusting its target to $37.0 from $38.0, and Mizuho upgraded its rating to Outperform with a new target of $36.0, up from $35.0.

About American Homes 4 Rent

American Homes 4 Rent is a real estate investment trust (REIT) that focuses on owning, operating, and developing single-family rental homes. Headquartered in Las Vegas, NV, the company has a portfolio of over 61,000 properties across various regions in the U.S. The recent analyst actions reflect ongoing confidence in its business model and growth potential in the housing market.

Bottom Line

Investors should keep an eye on American Homes 4 Rent as it approaches its next earnings report on October 28, 2026. The recent analyst ratings show a mix of confidence and caution, with RBC Capital's reiterated Outperform rating suggesting potential upside. Remember that analyst ratings and price targets are based on past performance and market conditions, and may not represent current opportunities.