Evercore ISI Group Cuts AMH Price Target to $37

Evercore ISI Group has reiterated its Outperform rating on American Homes 4 Rent, adjusting the price target to $37.0, a 18.40% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:31 PM EDT

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Evercore ISI Group cut its price target on American Homes 4 Rent ($AMH) to $37 from $38 on September 21, 2026, and rates the stock "Outperform".

Since the rating, $AMH is down 2.2% after 1 week and up 0.1% to date (from the $31.24 close on Sep 21, 2026).

AMH American Homes 4 Rent

$31.28 +1.20% year to date

Daily close · Oct 16, 2026

Key Points

Evercore ISI Group reiterated its Outperform rating on American Homes 4 Rent (NYSE: AMH) with a price target of $37.0, down from $38.0, on September 21, 2026.
The stock closed at $31.02 before the rating change, which indicates a potential upside based on the new target.
American Homes 4 Rent has a market cap of about $11.24 billion and a P/E ratio of 24.8.

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Evercore ISI Group has reiterated its Outperform rating on American Homes 4 Rent (NYSE: AMH), adjusting the price target to $37.0 from $38.0. This change reflects their confidence in the company's ongoing performance and market position. The new target suggests a potential upside from the stock's previous close of $31.02.

Analyst rating track record

Evercore ISI Group vs. the S&P 500

YTD return -4.55% hypothetical

All-time return -4.55% S&P 500 +1.13%

vs. S&P 500 -5.68% behind the index

Hypothetical returns from Evercore ISI Group's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in American Homes 4 Rent

Blackrock Inc. grew its holdings by 1,209,863 shares, ending with about 45.7 million shares worth approximately $1.42 billion. Principal Financial Group, Inc. increased its stake by 1,753,662 shares, bringing its total to about 20.7 million shares valued at around $644.2 million. In contrast, Vanguard Portfolio Management LLC trimmed its position by 599,508 shares, now holding around 28.1 million shares worth about $874.4 million. Other funds, like NORGES BANK and State Street Corporation, also made slight adjustments to their positions.

American Homes 4 Rent Stock Up 0.7%

As of the last close, American Homes 4 Rent traded at $31.02, which is significantly above its 52-week low of $27.22 but below its high of $35.07. The stock has shown resilience in a fluctuating market, with a 50-day moving average of about $33.37. This performance context is relevant as analysts adjust their price targets.

12-month forecast

$AMH price target

American Homes 4 Rent daily closes and this analyst's $37 target. Not advice.

Recent Earnings

In its most recent earnings report, American Homes 4 Rent posted revenue of approximately $1.88 billion, reflecting a growth rate of 2.8%. The company's EPS stood at $1.26, with a net margin of 25.5%. The next earnings report is set for October 28, 2026, where investors will look for further insights into its financial health.

Dividend

American Homes 4 Rent pays an annual dividend of $1.32 per share, which corresponds to a yield of 4.26%. This payout ratio is currently at 100%, indicating that the company is returning all of its earnings to shareholders in the form of dividends.

Insider Buying and Selling at American Homes 4 Rent

Recently, Director David Goldberg bought 2,000 shares on March 3, 2026, for about $58,600 at an average price of $29.30. Another buy by Goldberg occurred on February 24, 2026, when he purchased an additional 2,000 shares at an average price of $29.17, totaling around $58,340. On the same day, Officer Brian Reitz sold 7,000 shares for approximately $205,380 at an average price of $29.34.

Analysts Set New Price Targets

On September 21, 2026, Evercore ISI Group maintained its Outperform rating on American Homes 4 Rent with a price target of $37.0. Meanwhile, Mizuho upgraded its rating to Outperform with a target of $36.0 on the same day. Other analysts have also maintained their ratings, with Barclays setting a target of $35.0 and RBC Capital maintaining its Outperform rating with a target of $35.0.

About American Homes 4 Rent

American Homes 4 Rent is a real estate investment trust (REIT) that focuses on owning and managing single-family rental homes. The company operates a large-scale portfolio of over 61,000 properties across various regions in the U.S., catering to the growing demand for rental housing. This recent analyst rating adjustment reflects confidence in its strategic direction and market potential.

Bottom Line

Investors will be watching American Homes 4 Rent closely, especially with the upcoming earnings report on October 28, 2026. The recent adjustments in analyst ratings and price targets highlight the market's response to the company's performance, as noted in the latest Form 13F filings. As always, keep in mind that 13F filings reflect past positions and may not represent current holdings.