American Homes 4 Rent (NYSE:AMH) Stock Bumped Down to “Sell” by Wall Street Zen

Wall Street Zen downgraded shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

A number of other research analysts have also recently weighed in on the stock. Barclays lowered their target price on shares of American Homes 4 Rent from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 14th. Mizuho upgraded American Homes 4 Rent from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $35.00 to $36.00 in a research note on Monday, September 21st. Zelman & Associates assumed coverage on American Homes 4 Rent in a research note on Friday, November 6th. They issued a “hold” rating for the company. UBS Group raised their price target on American Homes 4 Rent from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, November 9th. Finally, Jefferies Financial Group upgraded American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.65.

American Homes 4 Rent Stock Performance

NYSE AMH traded up $0.17 on Friday, reaching $32.45. 1,867,172 shares of the stock were exchanged, compared to its average volume of 2,640,458. American Homes 4 Rent has a one year low of $27.22 and a one year high of $35.07. The firm has a market capitalization of $11.70 billion, a PE ratio of 26.59, a PEG ratio of 2.96 and a beta of 0.76. The company’s 50-day simple moving average is $31.41 and its two-hundred day simple moving average is $31.65. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.70.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.32. The business had revenue of $498.07 million for the quarter, compared to the consensus estimate of $488.73 million. American Homes 4 Rent had a net margin of 24.17% and a return on equity of 6.07%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Analysts expect that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, December 15th. American Homes 4 Rent’s payout ratio is 108.20%.

Insider Buying and Selling at American Homes 4 Rent

In related news, Director Jack Corrigan bought 8,000 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average price of $21.49 per share, for a total transaction of $171,920.00. Following the completion of the transaction, the director owned 25,000 shares in the company, valued at $537,250. The trade was a 47.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 15,000 shares of company stock worth $328,040 in the last three months. 5.70% of the stock is currently owned by corporate insiders.

Institutional Trading of American Homes 4 Rent

Several hedge funds have recently bought and sold shares of AMH. Arrowstreet Capital Limited Partnership raised its position in American Homes 4 Rent by 83.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,544,892 shares of the real estate investment trust’s stock valued at $98,973,000 after purchasing an additional 1,608,934 shares during the period. Aew Capital Management Inc. bought a new stake in shares of American Homes 4 Rent in the 3rd quarter valued at approximately $45,161,000. Wellington Management Group LLP purchased a new position in shares of American Homes 4 Rent in the 2nd quarter worth approximately $31,118,000. Adelante Capital Management LLC purchased a new position in shares of American Homes 4 Rent in the 2nd quarter worth approximately $28,365,000. Finally, Bank of America Corp DE boosted its holdings in shares of American Homes 4 Rent by 69.0% in the 1st quarter. Bank of America Corp DE now owns 1,609,254 shares of the real estate investment trust’s stock worth $44,930,000 after purchasing an additional 656,937 shares during the period. Hedge funds and other institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent is a real estate investment trust that owns, operates and leases single-family homes in the United States. The company rents homes to individuals and families, offering an alternative to homeownership in its markets. In addition to acquiring existing homes, American Homes 4 Rent develops single-family properties for rental through its build-to-rent program. Its portfolio and operations span multiple regions of the country, including the Southeast, Midwest, Southwest and West.