Scotiabank Downgrades American Homes 4 Rent (NYSE:AMH) to Sector Perform

American Homes 4 Rent (NYSE:AMH) was downgraded by equities researchers at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports. They presently have a $38.00 price target on the real estate investment trust’s stock. Scotiabank’s target price points to a potential upside of 8.80% from the company’s current price.

A number of other brokerages have also recently issued reports on AMH. Mizuho upped their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. JMP Securities reiterated a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. Finally, StockNews.com cut shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of “Hold” and an average price target of $40.86.

American Homes 4 Rent Price Performance

NYSE AMH opened at $34.93 on Thursday. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41. The firm’s 50 day moving average is $36.90 and its 200-day moving average is $37.58. The company has a market capitalization of $12.91 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.98 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.

American Homes 4 Rent (NYSE:AMH) last announced 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). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the previous year, the business earned $0.41 EPS. American Homes 4 Rent’s revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, Director Douglas N. Benham bought 3,286 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the acquisition, the director now directly owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the transaction, the chief operating officer now owns 125,580 shares in the company, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Several institutional investors have recently added to or reduced their stakes in AMH. V Square Quantitative Management LLC lifted its stake in American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 275 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in American Homes 4 Rent by 24.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 310 shares during the period. Creative Planning grew its position in American Homes 4 Rent by 2.4% during the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 330 shares in the last quarter. US Bancorp DE increased its stake in American Homes 4 Rent by 3.3% in the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after acquiring an additional 478 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of American Homes 4 Rent by 14.0% in the 4th quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 503 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.