American Homes 4 Rent (NYSE:AMH) Rating Lowered to Sector Perform at Scotiabank

American Homes 4 Rent (NYSE:AMH) was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a report released on Thursday, MarketBeat Ratings reports. They currently have a $38.00 target price on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 9.83% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods cut their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Barclays started 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 objective on the stock. Mizuho upped their price objective 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. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $41.00 target price on shares of American Homes 4 Rent in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $34.60 on Thursday. The stock’s 50-day moving average is $36.78 and its two-hundred day moving average is $37.54. 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 1 year low of $33.75 and a 1 year high of $41.41. The firm has a market cap of $12.78 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.93 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. American Homes 4 Rent’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

Insider Activity

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,746,924. This represents a 24.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas N. Benham bought 3,286 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the transaction, the director now owns 41,946 shares of the company’s stock, valued at $1,027,257.54. The trade was a 8.50 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. TCW Group Inc. acquired a new stake in American Homes 4 Rent during the 3rd quarter worth approximately $962,000. Marshall Wace LLP acquired a new stake in American Homes 4 Rent in the 2nd quarter valued at $17,367,000. Catalyst Capital Advisors LLC acquired a new stake in American Homes 4 Rent in the 3rd quarter valued at $53,000. Swedbank AB raised its position in American Homes 4 Rent by 25.0% in the third quarter. Swedbank AB now owns 500,000 shares of the real estate investment trust’s stock valued at $19,195,000 after purchasing an additional 100,000 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of American Homes 4 Rent by 6.6% in the second quarter. Bank of Montreal Can now owns 307,377 shares of the real estate investment trust’s stock worth $11,437,000 after buying an additional 19,143 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.

American Homes 4 Rent Company Profile

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.