Zacks Investment Research downgraded shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a sell rating in a research note released on Wednesday.
According to Zacks, “American Homes 4 Rent is an internally managed real estate investment trust. It is focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. It rents residential properties primarily in Arizona, California, Florida, Georgia, and Nevada. American Homes 4 Rent is based in Malibu, California. “
Several other research analysts also recently weighed in on AMH. ValuEngine upgraded American Homes 4 Rent from a hold rating to a buy rating in a report on Tuesday, January 29th. Raymond James downgraded American Homes 4 Rent from a strong-buy rating to an outperform rating in a report on Monday, November 19th. BTIG Research set a $25.00 price target on American Homes 4 Rent and gave the company a buy rating in a report on Monday, November 5th. Goldman Sachs Group upgraded American Homes 4 Rent from a neutral rating to a buy rating and set a $24.00 price target for the company in a report on Monday, November 26th. Finally, Morgan Stanley cut shares of American Homes 4 Rent from an overweight rating to an equal weight rating and lowered their price objective for the company from $22.50 to $21.00 in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $24.00.
Shares of AMH opened at $21.77 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.44 and a beta of 0.70. American Homes 4 Rent has a fifty-two week low of $18.91 and a fifty-two week high of $23.34.
American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.22). The business had revenue of $270.00 million during the quarter, compared to analyst estimates of $269.98 million. American Homes 4 Rent had a net margin of 10.09% and a return on equity of 1.84%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. On average, analysts forecast that American Homes 4 Rent will post 1.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.20 annualized dividend and a dividend yield of 0.92%. American Homes 4 Rent’s dividend payout ratio is presently 18.87%.
In related news, insider David Goldberg sold 74,586 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $22.06, for a total transaction of $1,645,367.16. Following the completion of the sale, the insider now directly owns 100 shares of the company’s stock, valued at approximately $2,206. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas N. Benham purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 20th. The shares were acquired at an average cost of $21.00 per share, with a total value of $63,000.00. The disclosure for this purchase can be found here. 26.52% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in AMH. Rehmann Capital Advisory Group boosted its position in American Homes 4 Rent by 3,499.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,743 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 3,639 shares during the period. First Hawaiian Bank boosted its position in American Homes 4 Rent by 8.6% during the 4th quarter. First Hawaiian Bank now owns 9,290 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 732 shares during the period. PEAK6 Investments LLC purchased a new stake in American Homes 4 Rent during the 3rd quarter worth $224,000. NN Investment Partners Holdings N.V. purchased a new stake in American Homes 4 Rent during the 3rd quarter worth $255,000. Finally, Advisor Group Inc. boosted its position in American Homes 4 Rent by 54.1% during the 4th quarter. Advisor Group Inc. now owns 13,399 shares of the real estate investment trust’s stock worth $266,000 after purchasing an additional 4,702 shares during the period. 88.36% of the stock is owned by hedge funds and other institutional investors.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.
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