American Homes 4 Rent (AMH) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a sell rating in a research note published on Monday morning.

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 firms have also recently weighed in on AMH. Wells Fargo & Co lifted their price objective on shares of American Homes 4 Rent from $22.00 to $24.00 and gave the stock a market perform rating in a research report on Tuesday, August 28th. Mizuho set a $25.00 target price on shares of American Homes 4 Rent and gave the company a buy rating in a research note on Friday, August 3rd. Zelman & Associates lowered shares of American Homes 4 Rent from a buy rating to a hold rating in a research note on Monday, July 30th. Finally, BTIG Research set a $25.00 target price on shares of American Homes 4 Rent and gave the company a buy rating in a research note on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $24.50.

NYSE AMH opened at $20.47 on Monday. American Homes 4 Rent has a twelve month low of $18.39 and a twelve month high of $23.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.85 and a current ratio of 0.99. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.37 and a beta of 0.62.

American Homes 4 Rent (NYSE:AMH) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.22). American Homes 4 Rent had a return on equity of 1.90% and a net margin of 10.70%. The firm had revenue of $280.10 million for the quarter, compared to analysts’ expectations of $270.24 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities analysts expect that American Homes 4 Rent will post 1.08 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 19.61%.

In other American Homes 4 Rent news, Director Tamara Hughes Gustavson acquired 217,000 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, September 5th. The stock was acquired at an average price of $22.93 per share, with a total value of $4,975,810.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sara H. Vogt-Lowell sold 100,000 shares of American Homes 4 Rent stock in a transaction on Monday, August 20th. The shares were sold at an average price of $23.00, for a total transaction of $2,300,000.00. Following the completion of the sale, the insider now directly owns 86,790 shares of the company’s stock, valued at approximately $1,996,170. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,410,100 shares of company stock valued at $29,005,668 and have sold 150,000 shares valued at $3,450,000. Company insiders own 27.82% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board lifted its stake in shares of American Homes 4 Rent by 5.3% in the 2nd quarter. State of Wisconsin Investment Board now owns 50,581 shares of the real estate investment trust’s stock valued at $1,122,000 after purchasing an additional 2,533 shares during the last quarter. US Bancorp DE lifted its stake in shares of American Homes 4 Rent by 75.6% in the 2nd quarter. US Bancorp DE now owns 7,041 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 3,032 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of American Homes 4 Rent by 3.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 96,067 shares of the real estate investment trust’s stock valued at $2,129,000 after purchasing an additional 3,227 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of American Homes 4 Rent by 9.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 39,008 shares of the real estate investment trust’s stock valued at $854,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of American Homes 4 Rent by 7.7% in the 2nd quarter. Amalgamated Bank now owns 49,157 shares of the real estate investment trust’s stock valued at $1,090,000 after purchasing an additional 3,532 shares during the last quarter. 88.91% of the stock is owned by institutional investors and hedge funds.

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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