American Homes 4 Rent AMH
United StatesReal Estate · REIT - ResidentialUSD
37.11 USD (+23.7%)
22 analysts
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American Homes 4 Rent is a REIT that acquires, develops, and leases single-family homes in the United States, generating recurring income from residential rents.
Key points
from its scores- ✕Poor share-price trend4.8
- !Modest dividend5.0
- !Average business quality5.2
AI analysis
bottom line, main risk, context and newsLeverage and rate sensitivity make the risk not compensate for the current dividend yield.
American Homes 4 Rent shows acceptable financial health (6.57) but with high leverage (Net Debt/EBITDA of 5.21) which, in a rising long-term rate environment, pressures its valuation (EV/EBITDA of 17.0) and limits its appeal; revenue growth is moderate (2.80%) and the dividend (4.40% net) is fully distributed, leaving no room for positive surprises.
High leverage (Net Debt/EBITDA of 5.21) combined with rising long-term interest rates in the US increases refinancing costs and pressures the value of its real estate assets.
Context and risks
American Homes 4 Rent operates in the US residential real estate sector, where the rise in 10-year Treasury yields increases its cost of debt (Net Debt/EBITDA of 5.21) and pressures asset values. As a REIT, its 100% payout structure limits its ability to reduce leverage, amplifying sensitivity to the rate cycle.
Is American Homes 4 Rent stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades in line with the Real Estate median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 23.8 | 21.6 | +10% |
| EV / EBITDA | 17.0 | 18.5 | −8% |
| Price / book | 1.6 | 1.4 | +11% |
| Price / sales | 6.6 | 6.3 | +4% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.7 out of 10 (median for Real Estate: 4.9).
Average analyst target: 37.11 USD, +23.7% versus the price.
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- P/E
- 23.8
- Forward P/E
- 44.4
- EV / EBITDA
- 17.0
- Price / book
- 1.6
- Price / sales
- 6.6
- PEG
- 4.19
- Market cap
- 12.3B USD
- Enterprise value
- 16.5B USD
Profitability
- ROE
- 7.1%
- ROA
- 2.2%
- ROIC (approx.)
- 3.8%
- Gross margin
- 56.6%
- Operating margin
- 25.9%
- Net margin
- 25.5%
- Free cash flow
- 822.3M USD
- FCF yield
- 6.7%
- Cash conversion
- 85%
Solvency
- Total debt
- 5.1B USD
- Net debt
- 5.1B USD
- Cash
- 83.7M USD
- EBITDA
- 972.6M USD
- Net debt / EBITDA
- 5.21
- Debt / equity
- 68.85
- Current ratio
- 1.67
- Quick ratio
- 0.26
Growth
- Revenue growth
- +2.8%
- Earnings growth
- +10.6%
- EPS (TTM)
- 1.26 USD
- EPS (forward)
- 0.68 USD
Dividend
- Dividend yield
- 4.4%
- Payout
- 100.0%
Risk and market
- Beta
- 0.79
- Analyst consensus
- Buy (22)
- Target price
- 37.11 USD
- 52-week range
- 27.22 – 35.07
Recent news
All AMH news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about American Homes 4 Rent
Is American Homes 4 Rent stock cheap or expensive?
On P/E and Price / book, it trades in line with the Real Estate median (within 15%). Valuation score: 5.7 out of 10 (median for Real Estate: 4.9). Average analyst target: 37.11 USD, +23.7% versus the price. This is not investment advice.
What score does American Homes 4 Rent get on MeridIAn Screener?
It scores 5.6 out of 10, rank 1,300 of 2,130 (better than 35% of the companies analysed). Its strongest category is Risk & Context (6.8) and its weakest, Momentum (4.8). Analysis of 08/10/2026.
What is American Homes 4 Rent's P/E ratio?
Its P/E is 23.8: the share price equals 23.8 times earnings per share over the last 12 months. The Real Estate median is 21.6. Based on the earnings analysts expect, the forward P/E is 44.4.
How much is American Homes 4 Rent worth on the stock market?
Its market capitalisation is 12.3B USD.
Does American Homes 4 Rent pay a dividend?
Yes: its dividend yield is 4.40% and it pays out 100% of its earnings.
How has American Homes 4 Rent stock performed over the last year?
It has fallen 3.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 27.22 and 35.07 USD. Past performance does not guarantee future results.
What do analysts think of American Homes 4 Rent?
22 analysts cover it; their average recommendation is “Buy” and their average target is 37.11 USD (+23.7% versus the price). It is an estimate, not market data.