American Homes 4 Rent (NYSE:AMH) Cut to Sell at StockNews.com

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

Several other research analysts have also issued reports on AMH. The Goldman Sachs Group began coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They issued a buy rating and a $48.00 price target on the stock. Scotiabank restated an outperform rating and issued a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. Royal Bank of Canada upped their target price 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. Evercore ISI lifted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an in-line rating in a research note on Monday, September 16th. Finally, UBS Group upped their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a neutral rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent presently has a consensus rating of Moderate Buy and a consensus target price of $41.60.

American Homes 4 Rent Stock Down 2.1 %

AMH opened at $38.51 on Monday. The stock’s fifty day moving average is $38.51 and its 200-day moving average is $36.98. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.41. The company has a market capitalization of $14.11 billion, a PE ratio of 39.30, a P/E/G ratio of 3.32 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54.

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). The business had revenue of $423.50 million during the quarter, compared to analyst estimates of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. American Homes 4 Rent’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. On average, equities analysts predict that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.70%. American Homes 4 Rent’s payout ratio is 106.12%.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently made changes to their positions in AMH. V Square Quantitative Management LLC acquired a new stake in American Homes 4 Rent in the second quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. bought a new stake in American Homes 4 Rent in the second quarter worth $44,000. Opal Wealth Advisors LLC bought a new position in American Homes 4 Rent during the second quarter valued at about $54,000. GAMMA Investing LLC raised its holdings in American Homes 4 Rent by 24.1% during the first quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 302 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 310 shares during the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

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.