American Homes 4 Rent (NYSE:AMH) Cut to “Hold” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent (NYSE:AMH) from a buy rating to a hold rating in a research note released on Tuesday morning, Marketbeat.com reports. They currently have $37.00 target price on the real estate investment trust’s stock, down from their previous target price of $40.00.

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

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $34.60 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $12.79 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 2.98 and a beta of 0.78. The firm has a fifty day simple moving average of $36.84 and a two-hundred day simple moving average of $37.56. American Homes 4 Rent has a 12 month low of $33.75 and a 12 month 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 EPS 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 business had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. During the same period last year, the company earned $0.41 earnings per share. American Homes 4 Rent’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts forecast 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 was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Friday, December 13th. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Insider Activity at American Homes 4 Rent

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

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. V Square Quantitative Management LLC grew its holdings in American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 275 shares during the period. 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 worth $59,000 after buying an additional 310 shares during the last quarter. Creative Planning boosted its stake 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 during the last quarter. US Bancorp DE raised its position in American Homes 4 Rent by 3.3% in the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock valued at $572,000 after purchasing an additional 478 shares during the period. Finally, GAMMA Investing LLC raised its position in American Homes 4 Rent by 14.0% in the fourth quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 503 shares during the period. 91.87% of the stock is currently owned by hedge funds and other institutional investors.

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.