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

American Homes 4 Rent (NYSE:AMH) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

A number of other analysts have also weighed in on the stock. UBS Group raised their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Wells Fargo & Company upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $36.00 to $42.00 in a research note on Monday, August 26th. Royal Bank of Canada raised their price objective on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays reduced their price target on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Finally, Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. One investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.60.

American Homes 4 Rent Trading Down 1.0 %

Shares of NYSE AMH opened at $39.55 on Monday. American Homes 4 Rent has a 1 year low of $31.36 and a 1 year high of $41.41. The stock has a market cap of $14.49 billion, a P/E ratio of 40.36, a price-to-earnings-growth ratio of 3.35 and a beta of 0.76. The firm has a 50-day moving average of $38.40 and a 200 day moving average of $36.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54.

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 for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). The firm had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

Institutional Trading of American Homes 4 Rent

Large investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp bought a new stake in American Homes 4 Rent during the first quarter valued at approximately $10,238,000. Mutual of America Capital Management LLC purchased a new position in American Homes 4 Rent during the first quarter valued at approximately $6,970,000. Los Angeles Capital Management LLC purchased a new position in American Homes 4 Rent during the first quarter valued at approximately $5,711,000. Wells Fargo & Company MN lifted its holdings in American Homes 4 Rent by 67.6% during the fourth quarter. Wells Fargo & Company MN now owns 820,711 shares of the real estate investment trust’s stock valued at $29,513,000 after purchasing an additional 331,168 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in American Homes 4 Rent during the first quarter valued at approximately $524,000. 91.87% of the stock is currently owned by institutional investors.

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.