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

StockNews.com lowered shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a sell rating in a research note released on Tuesday morning.

Several other analysts have also recently weighed in on AMH. Keefe, Bruyette & Woods reduced 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 note on Wednesday, November 6th. Royal Bank of Canada upped their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. The Goldman Sachs Group started coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. UBS Group upped their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Down 0.6 %

Shares of NYSE:AMH opened at $37.38 on Tuesday. The company has a fifty day moving average of $37.60 and a 200-day moving average of $37.52. The company has a market capitalization of $13.81 billion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 3.30 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 52-week low of $33.75 and a 52-week high of $41.41.

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

American Homes 4 Rent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.26 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. American Homes 4 Rent’s dividend payout ratio is presently 108.33%.

Institutional Investors Weigh In On American Homes 4 Rent

Institutional investors and hedge funds have recently made changes to their positions in the business. Maryland Capital Advisors Inc. purchased a new stake in American Homes 4 Rent in the 3rd quarter valued at about $25,000. UMB Bank n.a. increased its stake 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 buying an additional 604 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in American Homes 4 Rent in the 2nd quarter valued at about $32,000. Assetmark Inc. increased its stake in 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 buying an additional 790 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in American Homes 4 Rent in the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

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.