American Homes 4 Rent (AMH) Lowered to “C+” at TheStreet

TheStreet downgraded shares of American Homes 4 Rent (NYSE:AMH) from a b- rating to a c+ rating in a research report report published on Wednesday.

Several other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of American Homes 4 Rent from a neutral rating to an overweight rating and set a $26.00 price target on the stock in a research report on Friday, December 15th. Keefe, Bruyette & Woods raised shares of American Homes 4 Rent from a market perform rating to an outperform rating in a research report on Thursday, December 7th. Evercore ISI raised shares of American Homes 4 Rent from an in-line rating to an outperform rating and set a $24.50 price target on the stock in a research report on Monday, December 4th. B. Riley set a $26.00 price target on shares of American Homes 4 Rent and gave the stock a buy rating in a research report on Tuesday, November 14th. Finally, Citigroup began coverage on shares of American Homes 4 Rent in a research report on Friday, October 20th. They set a buy rating and a $25.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. American Homes 4 Rent currently has an average rating of Buy and an average price target of $25.22.

Shares of American Homes 4 Rent (NYSE AMH) traded down $0.08 on Wednesday, hitting $20.46. 2,454,000 shares of the stock traded hands, compared to its average volume of 1,770,000. The firm has a market capitalization of $5,870.00, a PE ratio of 2,046.00, a PEG ratio of 1.54 and a beta of 0.68. American Homes 4 Rent has a 1-year low of $20.29 and a 1-year high of $23.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $247.96 million. American Homes 4 Rent had a net margin of 6.56% and a return on equity of 1.15%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share. equities research analysts forecast that American Homes 4 Rent will post 1.02 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Tuesday, January 2nd were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.20 annualized dividend and a yield of 0.98%. American Homes 4 Rent’s dividend payout ratio (DPR) is 2,000.00%.

In other news, Director B Wayne Et Al Hughes bought 101,678 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, November 7th. The shares were purchased at an average price of $21.87 per share, with a total value of $2,223,697.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders purchased 1,670,950 shares of company stock worth $35,816,444. 27.82% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in American Homes 4 Rent by 5.1% in the second quarter. PNC Financial Services Group Inc. now owns 5,720 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 278 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in American Homes 4 Rent by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 7,247 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 515 shares during the last quarter. CIBC Asset Management Inc purchased a new position in American Homes 4 Rent in the third quarter valued at approximately $202,000. QCM Cayman Ltd. purchased a new position in American Homes 4 Rent in the second quarter valued at approximately $203,000. Finally, Magnetar Financial LLC purchased a new position in American Homes 4 Rent in the third quarter valued at approximately $228,000. 88.21% of the stock is currently owned by hedge funds and other institutional investors.

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American Homes 4 Rent Company Profile

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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