StockNews.com Downgrades American Homes 4 Rent (NYSE:AMH) to Sell

StockNews.com downgraded shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a sell rating in a research report released on Tuesday morning.

AMH has been the subject of several other research reports. Royal Bank of Canada raised their target price on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. The Goldman Sachs Group initiated coverage on American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 target price for the company. Scotiabank reaffirmed an “outperform” rating and issued a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. Mizuho raised their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods decreased their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Stock Performance

AMH opened at $37.45 on Tuesday. The firm has a market cap of $13.84 billion, a PE ratio of 39.01, a P/E/G ratio of 3.32 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $37.65 and a 200-day simple moving average of $37.52. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. As a group, equities analysts predict that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

American Homes 4 Rent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.78%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 108.33%.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors have recently bought and sold shares of AMH. Cetera Advisors LLC raised its holdings in American Homes 4 Rent by 41.1% during the first quarter. Cetera Advisors LLC now owns 9,187 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 2,674 shares in the last quarter. GAMMA Investing LLC raised its holdings in American Homes 4 Rent by 84.2% during the second quarter. GAMMA Investing LLC now owns 2,868 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 1,311 shares in the last quarter. DNB Asset Management AS increased its stake in shares of American Homes 4 Rent by 15.7% in the second quarter. DNB Asset Management AS now owns 52,729 shares of the real estate investment trust’s stock worth $1,959,000 after purchasing an additional 7,153 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of American Homes 4 Rent in the second quarter worth about $8,132,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of American Homes 4 Rent in the second quarter worth about $54,000. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.