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

American Homes 4 Rent (NYSE:AMH) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other equities analysts have also weighed in on AMH. Mizuho upped their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Evercore ISI upped their price target on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. 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 for the company. UBS Group upped their price target on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $39.06 on Thursday. The firm has a 50 day moving average of $38.86 and a 200 day moving average of $37.21. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 39.86, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76. American Homes 4 Rent has a 12-month low of $31.36 and a 12-month high of $41.41.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.18). The business had revenue of $423.50 million for the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. On average, research analysts anticipate that American Homes 4 Rent will post 1.76 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC grew its holdings in shares of American Homes 4 Rent by 11.3% in the first quarter. Park Avenue Securities LLC now owns 10,314 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 1,051 shares during the last quarter. State of Michigan Retirement System acquired a new stake in shares of American Homes 4 Rent during the 1st quarter worth approximately $2,873,000. Naviter Wealth LLC grew its stake in American Homes 4 Rent by 2.7% in the 1st quarter. Naviter Wealth LLC now owns 20,157 shares of the real estate investment trust’s stock valued at $741,000 after acquiring an additional 523 shares during the period. Azzad Asset Management Inc. ADV grew its stake in American Homes 4 Rent by 4.9% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 35,960 shares of the real estate investment trust’s stock valued at $1,323,000 after acquiring an additional 1,692 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in American Homes 4 Rent by 22.1% in the 1st quarter. State of Alaska Department of Revenue now owns 193,354 shares of the real estate investment trust’s stock valued at $7,110,000 after purchasing an additional 35,030 shares in the last quarter. Institutional investors 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.