American Homes 4 Rent (NYSE:AMH) Downgraded by Scotiabank to Sector Perform

Scotiabank lowered shares of American Homes 4 Rent (NYSE:AMH) from a sector outperform rating to a sector perform rating in a research note released on Thursday, Marketbeat reports. They currently have $38.00 price objective on the real estate investment trust’s stock.

A number of other research analysts also recently commented on the company. Barclays assumed coverage on American Homes 4 Rent in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $39.00 target price on the stock. Keefe, Bruyette & Woods cut their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Mizuho boosted their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. JMP Securities restated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Finally, Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $41.00 to $42.00 in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, American Homes 4 Rent currently has a consensus rating of “Hold” and a consensus target price of $40.86.

American Homes 4 Rent Trading Down 0.9 %

NYSE:AMH opened at $34.60 on Thursday. The stock has a market cap 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. American Homes 4 Rent has a fifty-two week low of $33.75 and a fifty-two week high of $41.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s 50-day moving average is $36.84 and its two-hundred day moving average is $37.56.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, equities research analysts forecast that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 108.33%.

Insiders Place Their Bets

In other news, Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $24.49 per share, with a total value of $80,474.14. Following the acquisition, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Bryan Smith sold 40,000 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the sale, the chief operating officer now directly owns 125,580 shares in the company, valued at $4,746,924. The trade was a 24.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.32% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

Hedge funds and other institutional investors have recently made changes to their positions in the business. Maryland Capital Advisors Inc. acquired a new stake in American Homes 4 Rent in the 3rd quarter valued at $25,000. UMB Bank n.a. lifted its holdings in shares of American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 604 shares during the period. Assetmark Inc. boosted its stake in shares of American Homes 4 Rent by 359.1% in the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 790 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of American Homes 4 Rent by 31.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 275 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth about $53,000. 91.87% of the stock is owned by institutional investors.

About American Homes 4 Rent

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.