Deutsche Bank Aktiengesellschaft Downgrades American Homes 4 Rent (NYSE:AMH) to Hold

Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent (NYSE:AMH) from a buy rating to a hold rating in a research note published on Tuesday morning, MarketBeat reports. The brokerage currently has $37.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $40.00.

A number of other equities research analysts have also recently commented on the company. Barclays assumed coverage on American Homes 4 Rent in a report on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 target price on the stock. Keefe, Bruyette & Woods cut their target price on 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. Evercore ISI raised American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $42.00 in a research report on Monday, November 11th. StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Mizuho lifted their price target on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.86.

American Homes 4 Rent Trading Down 0.9 %

NYSE:AMH opened at $34.60 on Tuesday. The stock has a market cap of $12.79 billion, a P/E ratio of 36.05, a P/E/G ratio of 2.98 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. American Homes 4 Rent has a 1 year low of $33.75 and a 1 year high of $41.41. The stock has a 50-day simple moving average of $36.84 and a 200-day simple moving average of $37.56.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. As a group, analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.26 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 3.01%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

Insider Buying and Selling at American Homes 4 Rent

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

Institutional Trading of American Homes 4 Rent

Several hedge funds have recently modified their holdings of AMH. Maryland Capital Advisors Inc. bought a new position in shares of American Homes 4 Rent during the third quarter worth $25,000. UMB Bank n.a. boosted its holdings in American Homes 4 Rent by 331.9% in the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 604 shares during the period. Assetmark Inc. lifted its holdings in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares during the period. V Square Quantitative Management LLC lifted its stake in 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 valued at $44,000 after purchasing an additional 275 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in American Homes 4 Rent in the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.