American Homes 4 Rent (AMH) Stock Price & Analysis
American Homes 4 Rent (AMH) closed at USD 31.9 on Thursday, October 22, 2026, up 3.10% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 30.94; the Oct 22, 2026 session ranged USD 31.05–32.01 on volume of 2,827,945 shares. Market capitalization is $13.08B, with a 52-week range of USD 27.22–35.07 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AMH.md
Key facts (AMH)
- Valuation: P/E 24.1x (avg 27.6x at the last 3 fiscal year-ends), net debt $5.05B.
- 2 of 80 tracked superinvestors hold AMH (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market purchases, last ~7 months: 6 Form 4 filings, $652K; 5 by opportunistic insiders, 1 by routine insiders.
- Analysts: Buy (mean 2.13 on a 1–5 scale) (24 analysts), mean target USD 36.52 (range 31–42).
- Total return with dividends: 1Y -0.1% vs S&P 500 +14.9%; 5Y -8.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.16, revenue estimate $489M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AMH)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $211M | $310M | $432M | $468M | $513M | $543M |
| EPS (diluted) | $0.41 | $0.71 | $1.01 | $1.08 | $1.18 | — |
| Free cash flow | $548M | $567M | $699M | $777M | $824M | $821M |
| Cash + short-term investments | $48.2M | $69.2M | $59.4M | $199M | $109M | — |
| Total debt | $3.88B | $4.52B | $4.46B | $5.01B | $5.10B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AMH)
P/E 24.1x · P/FCF 15.9x · P/B 1.9x · FCF yield 6.27% · Earnings yield 4.15% · Dividend yield (paid, TTM) 3.54% · Net debt $5.05B · EV $18.1B
P/E at fiscal year-ends: Dec 2025 23.2x, Dec 2024 29.4x, Dec 2023 30.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (AMH)
2 of 80 tracked investors hold AMH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Third Avenue Management | 1.40% | $8.8M | Reduced -0.2% | |
| Christopher Davis | Davis Advisors | 0.05% | $10.9M | Added +17.5% |
Insider purchases (SEC Form 4, open-market, last ~7 months) (AMH)
6 purchases, $652K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-10…2026-09-11 | Corrigan Jack E | Director | 9,000 | $194K | 21.51 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-24 | Corrigan Jack E | Director | 6,000 | $135K | 22.42 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-11…2026-08-12 | Benham Douglas N | Director | 4,000 | $93K | 23.14 | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-08-10 | Corrigan Jack E | Director | 5,000 | $114K | 22.8 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-15…2026-05-18 | Corrigan Jack E | Director | 3,400 | $80K | 23.48 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-12…2026-05-13 | Corrigan Jack E | Director | 1,600 | $37K | 23.25 | Opportunistic (traded every year 2023–2025, no repeating month) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (AMH)
Consensus Buy (mean 2.13 on a 1–5 scale), 24 analysts; mean target USD 36.52 (low 31, high 42).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Wells Fargo | Target lowered | Overweight | $38 → $34 |
| 2026-10-14 | Barclays | Target lowered | Equal-Weight | $36 → $35 |
| 2026-10-13 | RBC Capital | Target lowered | Outperform | $37 → $35 |
| 2026-10-12 | UBS | Target lowered | Neutral | $35 → $32 |
| 2026-09-21 | Evercore ISI Group | Target lowered | Outperform | $38 → $37 |
| 2026-09-21 | Mizuho | Upgrade | Neutral → Outperform | $35 → $36 |
| 2026-09-17 | Scotiabank | Target lowered | Sector Perform | $33 → $31 |
| 2026-08-19 | JP Morgan | Target raised | Neutral | $35 → $38 |
| 2026-08-12 | Morgan Stanley | Target lowered | Overweight | $38.5 → $38 |
| 2026-08-10 | Wells Fargo | Target raised | Overweight | $36 → $38 |
| 2026-08-05 | Keefe, Bruyette & Woods | Target raised | Outperform | $36 → $38 |
| 2026-08-03 | RBC Capital | Target raised | Outperform | $36 → $37 |
Total return (dividends reinvested) (AMH)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -0.1% | -8.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -0.1% | -1.8% |
| Volatility (annualized) | 20.2% | 21.5% |
| Max drawdown | -16.3% (Oct 2025→Mar 2026) | -31.4% (Dec 2021→Mar 2023) |
AMH analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.16 | $0.15 | +1.4% | $489.1M | 4 |
| Next quarter (ends Dec 2026) | $0.17 | $0.17 | -1.2% | $473.3M | 4 |
| Current fiscal year (ends Dec 2026) | $0.78 | $0.71 | +9.8% | $1.90B | 2 |
| Next fiscal year (ends Dec 2027) | $0.67 | $0.66 | +1.7% | $1.97B | 3 |
AMH options: expected move
Options price a move of about ±10.5% (±$3.35) by Dec 18, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±2.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Dec 18, 2026 | 56 | 29.2% | ±10.5% |
| Mar 19, 2027 | 147 | 29.5% | ±14.5% |
| Jun 17, 2027 | 237 | 25.4% | ±16.5% |
30-day implied volatility 20.3% vs 16% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 31.9 |
|---|---|
| Change | ▲ 3.10% (up) |
| Previous Close | USD 30.94 |
| Open | USD 31.04 |
| Day Range | USD 31.05 – 32.01 |
| 52-Week Range | USD 27.22 – 35.07 |
| Volume | 2,827,945 shares |
| Market Cap | $13.08B |
| Exchange | NYQ |
Technical Analysis (AMH)
Nexqual's technical model rates AMH "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 59.12 (neutral) |
| vs SMA50 | Below (USD 31.94) |
| MACD | -0.11 (negative) |
Analyst Ratings (AMH)
Wall Street analysts rate AMH "Buy" based on 24 analysts, with a mean price target of USD 36.52 (range USD 31–42), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 24 |
| Mean Target | USD 36.52 |
| High Target | USD 42 |
| Low Target | USD 31 |
| Buy / Hold / Sell | 15 / 9 / 0 |
Earnings (AMH)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.16 |
| Revenue Estimate | $489.10M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.32 vs est 0.15 ▲ beat |
| 2026-03-31 | USD 0.36 vs est 0.15 ▲ beat |
| 2025-12-31 | USD 0.34 vs est 0.22 ▲ beat |
| 2025-09-30 | USD 0.28 vs est 0.2 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (AMH)
| Total Revenue | $1.88B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +2.80% |
| Gross Margin | +56.65% |
| Operating Margin | +25.92% |
| Profit Margin | +25.53% |
| ROE | +7.08% |
| Debt / Equity | 0.69 |
| Current Ratio | 1.67 |
| Total Cash | $83.67M |
| Total Debt | $5.15B |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (AMH)
Nexqual rates American Homes 4 Rent's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Solid — Revenue +7% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 57%, operating 26% (last 12 months) |
| Balance Sheet | Solid — $84M cash and investments vs $5.13B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $864M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 7%, ROA 2.2% |
Ownership (AMH)
| Insider Ownership | +7.89% |
|---|---|
| Institutional Ownership | +93.26% |
| Shares Outstanding | 359.18M |
| Float | 307.85M |
| Short % of Float | +5.57% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (AMH)
American Homes 4 Rent is led by Bryan Smith, CEO & Trustee, per Nexqual as of October 23, 2026 at 09:48 UTC.
| CEO & Trustee | Bryan Smith |
|---|---|
| CFO & Senior EVP | Christopher C. Lau |
| Executive VP & Chief Operating Officer | Lincoln Palmer |
| Executive Vice President & Chief Accounting Officer | Brian F. Reitz |
| Executive VP & Chief Technology Officer | Philip Irby |
Major Backers & Investors (AMH)
Notable institutional backers of American Homes 4 Rent include NORGES BANK, Principal Financial Group, Inc., FMR, LLC, according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| NORGES BANK | 6.15% |
| Principal Financial Group, Inc. | 5.76% |
| FMR, LLC | 2.68% |
| AQR Capital Management, LLC | 2.16% |
| Principal Funds, Inc-Real Estate Securities Fund | 1.91% |
| Arrowstreet Capital, Limited Partnership | 1.7% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.72% |
| Vanguard Group | 11.87% |
| State Street | 4.35% |
| Geode Capital | 2.09% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
From American Homes 4 Rent's Latest SEC 10-K Filing (filed 2026-02-20)
Key Strengths & Strategy (as disclosed to the SEC)
- Our experienced land acquisition team and our proprietary data analytics enable us to strategically identify ideal land opportunities that are within our existing footprint in our high-growth markets. •Evaluate additional opportunities for growth to our portfolio.
- Since launching the AMH Development Program in 2017, we have developed over 14,000 "built-for-rental" homes.
- We believe that in-house property management enables us to optimize rental revenues, effectively manage expenses, realize significant economies of scale, standardize brand consistency and maintain direct contact with our tenants.
- We have developed an extensive internal property management infrastructure, with modern systems, dedicated personnel and local offices.
Partnerships
- The Operating Partnership owns substantially all of the assets of the Company, including the Company's ownership interests in its joint ventures, either directly or through its subsidiaries, conducts the operations of the Company's business and is structured as a limited partnership with no publicly traded equity.
- Instead, each of the Operating Partnership's partners, including AMH, is allocated, and may be required to pay tax with respect to, its share of the Operating Partnership's income.
Legal & Regulatory Risks (Item 1A, quoted)
- New and proposed laws and regulations restricting institutional ownership of single-family homes could impede our ability to operate or grow our business.
- Government investigations or legal proceedings brought by governmental authorities may result in significant costs and expenses and reputational harm and may divert resources from our operations.
- We may be subject to adverse legislative or regulatory tax changes that could reduce the market price of our outstanding common or preferred shares.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| UDR | UDR, Inc. | USD 36.18 | ▲ 3.25% |
| ELS | Equity Lifestyle Properties, In | USD 61.17 | ▲ 3.4% |
| CPT | Camden Property Trust | USD 102.74 | ▲ 2.55% |
| MAA | Mid-America Apartment Communiti | USD 121.17 | ▲ 2.97% |
| SUI | Sun Communities, Inc. | USD 119.86 | ▲ 2.92% |
| INVH | Invitation Homes Inc. | USD 27.53 | ▲ 2.69% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.
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