American Homes 4 Rent (NYSE:AMH) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

American Homes 4 Rent (NYSE:AMH) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $31.60 and traded as low as $31.12. American Homes 4 Rent shares last traded at $31.1840, with a volume of 2,082,740 shares.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of American Homes 4 Rent from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Homes 4 Rent in a report on Monday, August 17th. Jefferies Financial Group upgraded American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. UBS Group dropped their price objective on American Homes 4 Rent from $35.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Finally, Morgan Stanley dropped their price objective on American Homes 4 Rent from $38.50 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, American Homes 4 Rent has a consensus rating of “Moderate Buy” and an average price target of $36.12.

American Homes 4 Rent Stock Down 2.1%

The company has a debt-to-equity ratio of 0.69, a current ratio of 0.59 and a quick ratio of 0.59. The company has a fifty day moving average price of $31.77 and a 200 day moving average price of $31.60. The company has a market cap of $11.24 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 4.87 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business had revenue of $470.10 million for the quarter, compared to the consensus estimate of $466.51 million. During the same period last year, the firm posted $0.47 earnings per share. American Homes 4 Rent’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, analysts anticipate that American Homes 4 Rent will post 1.91 EPS for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, September 15th. American Homes 4 Rent’s payout ratio is currently 104.76%.

Insider Activity at American Homes 4 Rent

In related news, Director Jack Corrigan purchased 8,000 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were purchased at an average price of $21.49 per share, with a total value of $171,920.00. Following the acquisition, the director directly owned 25,000 shares of the company’s stock, valued at approximately $537,250. This represents a 47.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have acquired 15,000 shares of company stock valued at $328,040. 5.70% of the stock is owned by corporate insiders.

Institutional Trading of American Homes 4 Rent

A number of hedge funds have recently made changes to their positions in the stock. Readystate Asset Management LP bought a new stake in American Homes 4 Rent during the second quarter worth about $1,936,000. Public Employees Retirement System of Ohio purchased a new position in shares of American Homes 4 Rent in the 2nd quarter worth about $16,697,000. Bank of America Corp DE increased its position in shares of American Homes 4 Rent by 69.0% during the 1st quarter. Bank of America Corp DE now owns 1,609,254 shares of the real estate investment trust’s stock valued at $44,930,000 after purchasing an additional 656,937 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of American Homes 4 Rent by 10.7% during the 2nd quarter. Hsbc Holdings PLC now owns 830,070 shares of the real estate investment trust’s stock valued at $27,881,000 after purchasing an additional 80,256 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of American Homes 4 Rent during the 1st quarter valued at about $6,898,000. 91.87% of the stock is owned by institutional investors.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.