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

StockNews.com lowered shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a sell rating in a report published on Monday morning.

A number of other brokerages have also weighed in on AMH. UBS Group increased their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 16th. Mizuho increased 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. Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a report on Wednesday, August 21st. The Goldman Sachs Group started coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price target for the company. Finally, Evercore ISI increased their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.67.

American Homes 4 Rent Trading Down 0.1 %

Shares of American Homes 4 Rent stock opened at $38.10 on Monday. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $41.41. The firm has a market cap of $13.96 billion, a PE ratio of 38.88, a P/E/G ratio of 3.10 and a beta of 0.76. The business’s fifty day moving average is $38.88 and its two-hundred day moving average is $37.15. 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 (NYSE:AMH) last issued its quarterly earnings results 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). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The business had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts anticipate that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The company also recently declared 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 of this dividend was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.73%. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Hedge Funds Weigh In On American Homes 4 Rent

Hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund Corp acquired a new position in American Homes 4 Rent in the first quarter worth about $10,238,000. Mutual of America Capital Management LLC bought a new position in American Homes 4 Rent in the first quarter worth about $6,970,000. Los Angeles Capital Management LLC bought a new position in American Homes 4 Rent in the first quarter worth about $5,711,000. Mirae Asset Global Investments Co. Ltd. bought a new position in American Homes 4 Rent in the first quarter worth about $524,000. Finally, Vanguard Group Inc. lifted its holdings in American Homes 4 Rent by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 44,578,702 shares of the real estate investment trust’s stock worth $1,603,050,000 after acquiring an additional 179,219 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

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.