American Homes 4 Rent(AMH)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$31.92
10/23/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for AMH

10/23/2026: AMH (2-star) is currently NOT-A-BUY. Pass it for now.

American Homes 4 Rent is a prominent real estate investment trust that specializes in acquiring and developing single-family rental homes in high-growth U.S. markets. Its core strength lies in a significant shift toward purpose-built new construction, which historically offers lower maintenance costs and superior portfolio quality compared to older properties. The company's primary opportunity resides in the ongoing U.S. housing shortage and a structural preference for suburban rental living. Key risks include exposure to rising interest rates, property tax increases, and potential regulatory changes in the rental market. The stock may suit dividend-focused and value-oriented investors seeking long-term exposure to the residential sector while monitoring property occupancy and development efficiency.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers moderate growth driven by development but is constrained by the nature of capital-intensive real estate.
Momentum investorMixed fitThe stock tends to follow broader REIT market trends and interest rate environments.
Value investorStrong fitLong-term investors may find value in the underlying real estate assets and consistent cash flows.
Dividend investorStrong fitThe company provides a reliable, growing dividend stream characteristic of established REITs.
Low-risk investorStrong fit while signal remains positiveReal estate generally serves as a hedge against inflation and provides relatively lower volatility compared to growth equities.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMediumReal estate stocks fluctuate based on interest rate sentiment.
Valuation riskMediumFFO multiples can compress if interest rates rise significantly.
Competition risk (institutional SFR)MediumIncreased capital entering the SFR space can compress cap rates.
Business qualityStrongThe high-quality, modern portfolio provides a defensive moat.
Dividend incomeLow / noneDividends are well-covered by cash flows.
Execution riskMediumSuccess depends on the consistent delivery of the development pipeline.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit -13.19%
Avg. Invested days 45
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
AMH receives a 4-star rating, supported by solid unit economics, solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
AMH has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and strong ownership. In FY2025 versus FY2024, moderate earnings growth (+9.8%) and strong cash generation (FCF margin 40.0%) are partially offset by moderate revenue growth (+8.0%).

Financial Health Rating

★★★★★
AMH's financial health is supported by solid cash strength, including free-cash-flow generation (40.0% of revenue). Operating efficiency is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is AMH's strongest growth driver at +9.8% FY2025 versus FY2024 (moderate, 3 stars). Revenue growth (+8.0%, moderate) and free-cash-flow growth (+8.2%, moderate) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 93.3% and approximately 85.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 7.89% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 12.70%
Vanguard Portfolio Management, LLC 7.81%
NORGES BANK 6.14%
Principal Financial Group Inc 5.75%
State Street Corp 4.34%

Unit Economics (Per $1K Revenue)

★★★★★
AMH generates approximately $34 of gross profit, $242 of operating income, and $400 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins and strong cash conversion support the rating, although capital efficiency remains weak.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
AMH has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilityLarge / Mega Cap StabilityShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 13.09B USD
Price to earnings Ratio 25.33
1Y Target Price 36.52
Price to earnings Ratio 25.33
1Y Target Price 36.52
Volume (30-day avg) 3.2M shares
Beta 0.79
52 Weeks Range 26.67 - 34.70
Updated Date 10/24/2026
52 Weeks Range 26.67 - 34.70
Updated Date 10/24/2026
Dividends yield (FY) 3.95%
Basic EPS (TTM) 1.26

How Company Makes Money

Business areaWhat it includesRetail investor read
Rental OperationsMonthly rental income from residential properties.This is the core, stable income engine of the company.
Development/ConstructionBuilding new homes for internal rental inventory.This provides growth by increasing the size and quality of the portfolio.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 25.33
Forward PE 35.71
Enterprise Value 16.97B
Price to Sales(TTM) 6.98
Enterprise Value 16.97B
Price to Sales(TTM) 6.98
Enterprise Value to Revenue 9.44
Enterprise Value to EBITDA 14.64
Shares Outstanding 359.18M
Shares Floating 307.85M
Shares Outstanding 359.18M
Shares Floating 307.85M
Percent Insiders 7.89
Percent Institutions 93.25

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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