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

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

A number of other research firms have also recently weighed in on AMH. UBS Group lifted their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Royal Bank of Canada lifted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. The Goldman Sachs Group began coverage on American Homes 4 Rent in a report on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. Finally, Mizuho boosted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average target price of $41.67.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $38.10 on Monday. The firm’s 50-day moving average price is $38.88 and its two-hundred day moving average price is $37.15. The stock has a market capitalization of $13.96 billion, a P/E ratio of 38.88, a P/E/G ratio of 3.10 and a beta of 0.76. 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 has a 52-week low of $31.36 and a 52-week high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released 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). The business had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.26 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.04 annualized dividend and a yield of 2.73%. American Homes 4 Rent’s dividend payout ratio (DPR) is 106.12%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMH. UMB Bank n.a. grew its position in American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 604 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in American Homes 4 Rent during the 2nd quarter worth approximately $32,000. Wetzel Investment Advisors Inc. purchased a new position in American Homes 4 Rent during the 2nd quarter worth approximately $44,000. Opal Wealth Advisors LLC purchased a new position in American Homes 4 Rent during the 2nd quarter worth approximately $54,000. Finally, GAMMA Investing LLC grew its position in American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 302 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

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.