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 report issued on Thursday.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Scotiabank reissued an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. UBS Group boosted their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. boosted their target price on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Mizuho boosted their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.67.

American Homes 4 Rent Trading Down 0.9 %

American Homes 4 Rent stock opened at $38.27 on Thursday. The company’s fifty day simple moving average is $38.87 and its 200-day simple moving average is $37.25. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. American Homes 4 Rent has a 12 month low of $31.36 and a 12 month high of $41.41. The stock has a market cap of $14.02 billion, a P/E ratio of 39.05, a P/E/G ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business had revenue of $423.50 million during the quarter, compared to analyst estimates of $422.46 million. During the same period in the previous year, the firm posted $0.41 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.72%. American Homes 4 Rent’s payout ratio is currently 106.12%.

Institutional Trading of American Homes 4 Rent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMH. Park Avenue Securities LLC increased its stake in American Homes 4 Rent by 11.3% in the first quarter. Park Avenue Securities LLC now owns 10,314 shares of the real estate investment trust’s stock valued at $379,000 after acquiring an additional 1,051 shares during the period. State of Michigan Retirement System bought a new stake in American Homes 4 Rent in the first quarter valued at about $2,873,000. Naviter Wealth LLC increased its stake in American Homes 4 Rent by 2.7% in the first quarter. Naviter Wealth LLC now owns 20,157 shares of the real estate investment trust’s stock valued at $741,000 after acquiring an additional 523 shares during the period. Azzad Asset Management Inc. ADV increased its stake in American Homes 4 Rent by 4.9% in the first quarter. Azzad Asset Management Inc. ADV now owns 35,960 shares of the real estate investment trust’s stock valued at $1,323,000 after acquiring an additional 1,692 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in American Homes 4 Rent by 22.1% in the first quarter. State of Alaska Department of Revenue now owns 193,354 shares of the real estate investment trust’s stock valued at $7,110,000 after acquiring an additional 35,030 shares during the period. Institutional investors own 91.87% of the company’s stock.

About American Homes 4 Rent

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.