American Homes 4 Rent (AMH · NYSE)
AMH · MARKET VIEW
Market view · as of Sep 21, 2026
Price (last ~year)
American Homes 4 Rent (NYSE: AMH) has beaten estimates in each of its last four quarters, most recently reporting Q2 EPS of $0.49 versus $0.47 expected, with TTM revenue of $1.88B up 2.8% year over year and earnings up 10.6%. The stock has sold off despite the results, falling 8.8% over the past month to $31.02 with an RSI of 17 and volume running 3.0x its 20-day average, leaving shares 10.0% below their 52-week high. Leverage stands at 5.3x debt/EBITDA on $5.15B of total debt, while the quarter generated $269.4M in free cash flow against $83.7M in cash. Institutional buying has continued, with Ohio's pension system and Adelante Capital taking new positions in Q2, though a recent note flagged risk from new housing legislation.
Valuation
- Market cap
- $12.72B
- P/E
- 24.62
- PEG
- 29.82
- P/B
- 1.64
- P/S
- 6.78
- EV/EBITDA
- 13.07
- Beta
- 0.801
- Analyst target
- $37.11
Quality & returns
- Gross margin
- 56.6%
- Operating margin
- 25.9%
- Profit margin
- 25.5%
- ROE
- 7.1%
- ROA
- 2.2%
Price movement
- Last
- $31.02
- 1-month
- -8.8%
- 3-month
- -4.3%
- RSI (14)
- 17
- vs SMA200
- -0.0%
- 52-wk position
- 55.0% -10.0% vs high
Quarterly trajectory
Revenue by quarter (oldest → newest)
| Quarter | Revenue | Op income | Net income | EBITDA |
|---|---|---|---|---|
| 2026-06-30 | $470.1M | $125.1M | $117.1M | $251.9M |
| 2026-03-31 | $472.0M | $118.3M | $131.3M | $337.4M |
| 2025-12-31 | $459.3M | $115.9M | $127.3M | $315.3M |
| 2025-09-30 | $478.5M | $116.3M | $102.9M | $291.7M |
Recent news
- Bullish Public Employees Retirement System of Ohio Makes New Investment in American Homes 4 Rent $AMH · 2026-08-30
- Bullish Adelante Capital Management LLC Invests $28.36 Million in American Homes 4 Rent $AMH · 2026-08-27
- Somewhat-Bearish American Homes 4 Rent (NYSE: AMH) grows Q2 2026 net income amid new housing law risk · 2026-08-03
- Bullish AMH Reports Second Quarter 2026 Financial and Operating Results · 2026-07-30
- Bullish American Homes 4 Rent Buys 441-Lot Built-For-Rent New Development in Marana for $6.75 Million · 2026-07-14
- Neutral AMH Announces Dates of Second Quarter 2026 Earnings Release and Conference Call · 2026-07-11
Sources this view read
- fundamentals Company overview & valuation (Alpha Vantage OVERVIEW)
- filing Quarterly financial statements (Alpha Vantage INCOME/BALANCE/CASH)
- earnings Reported earnings history (Alpha Vantage EARNINGS)
- prices Adjusted daily prices (Alpha Vantage TIME_SERIES_DAILY_ADJUSTED)