American Homes 4 Rent (NYSE:AMH) Downgraded to “Hold” Rating by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent (NYSE:AMH) from a buy rating to a hold rating in a research report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has $37.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $40.00.

Several other research analysts have also issued reports on the stock. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $42.00 in a research report on Monday, November 11th. JMP Securities reissued a “market outperform” rating and issued a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods dropped their price target on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Finally, Barclays began coverage on shares of American Homes 4 Rent in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $39.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

American Homes 4 Rent Stock Up 0.7 %

Shares of AMH opened at $35.43 on Tuesday. The company has a 50-day simple moving average of $36.96 and a 200-day simple moving average of $37.60. The firm has a market capitalization of $13.09 billion, a P/E ratio of 36.90, a P/E/G ratio of 2.96 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 data on Tuesday, October 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million for the quarter, compared to analyst estimates of $443.81 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.94%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 108.33%.

Insider Buying and Selling at American Homes 4 Rent

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value 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 approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas N. Benham acquired 3,286 shares of American Homes 4 Rent stock in a transaction on Thursday, December 5th. The stock was acquired at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the purchase, the director now owns 41,946 shares of the company’s stock, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. Insiders own 6.05% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its position in shares of American Homes 4 Rent by 31.6% during the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 275 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of American Homes 4 Rent by 24.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 310 shares in the last quarter. Creative Planning boosted its position in shares of American Homes 4 Rent by 2.4% during the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 330 shares in the last quarter. US Bancorp DE raised its holdings in shares of American Homes 4 Rent by 3.3% during the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after acquiring an additional 478 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of American Homes 4 Rent by 14.0% during the fourth quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 503 shares during the period. 91.87% of the stock is owned by institutional investors.

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.