American Homes 4 Rent (NYSE:AMH) Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of American Homes 4 Rent (NYSE:AMHGet Rating) from a hold rating to a sell rating in a research note issued to investors on Friday.

Several other brokerages also recently commented on AMH. Oppenheimer initiated coverage on shares of American Homes 4 Rent in a report on Monday, July 18th. They set a market perform rating and a $35.00 target price for the company. B. Riley reduced their target price on shares of American Homes 4 Rent from $47.00 to $43.00 in a report on Wednesday, May 11th. Capital One Financial initiated coverage on shares of American Homes 4 Rent in a report on Friday, July 8th. They set an overweight rating and a $43.00 target price for the company. Jefferies Financial Group reduced their target price on shares of American Homes 4 Rent from $44.00 to $41.00 and set a buy rating for the company in a report on Thursday, June 30th. Finally, Evercore ISI lifted their price objective on shares of American Homes 4 Rent to $39.00 in a research note on Monday, August 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $42.14.

American Homes 4 Rent Stock Down 1.0 %

American Homes 4 Rent stock opened at $35.03 on Friday. The company has a fifty day simple moving average of $36.51 and a 200 day simple moving average of $37.67. American Homes 4 Rent has a 1-year low of $32.60 and a 1-year high of $44.07. The company has a market cap of $12.20 billion, a P/E ratio of 61.46, a price-to-earnings-growth ratio of 3.24 and a beta of 0.58. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.63.

American Homes 4 Rent (NYSE:AMHGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.22). American Homes 4 Rent had a net margin of 15.67% and a return on equity of 3.46%. The firm had revenue of $361.90 million during the quarter, compared to the consensus estimate of $362.35 million. During the same period last year, the business earned $0.33 EPS. The business’s revenue was up 15.4% on a year-over-year basis. Research analysts anticipate that American Homes 4 Rent will post 1.56 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, September 14th. American Homes 4 Rent’s payout ratio is presently 126.32%.

Insider Activity

In other news, Director Kenneth M. Woolley sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $36.69, for a total value of $366,900.00. Following the completion of the transaction, the director now directly owns 20,128 shares in the company, valued at approximately $738,496.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.03% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

Institutional investors have recently added to or reduced their stakes in the stock. UMB Bank N A MO acquired a new position in American Homes 4 Rent during the 1st quarter worth approximately $27,000. Ellevest Inc. increased its position in American Homes 4 Rent by 86.2% during the 2nd quarter. Ellevest Inc. now owns 728 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 337 shares in the last quarter. Arlington Partners LLC acquired a new position in American Homes 4 Rent during the 2nd quarter worth approximately $27,000. Allworth Financial LP acquired a new position in American Homes 4 Rent during the 1st quarter worth approximately $32,000. Finally, Charter Oak Capital Management LLC bought a new stake in American Homes 4 Rent during the 2nd quarter worth approximately $31,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Company Profile

(Get Rating)

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing, and operating attractive, single-family homes as rental properties.

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