American Homes 4 Rent (NYSE:AMH) Stock Rating Lowered by Citigroup

Citigroup cut shares of American Homes 4 Rent (NYSE:AMH) from a buy rating to a neutral rating in a report published on Tuesday, Benzinga reports. The brokerage currently has $25.00 price target on the real estate investment trust’s stock.

Several other analysts also recently commented on AMH. Zacks Investment Research downgraded American Homes 4 Rent from a hold rating to a sell rating in a research note on Wednesday, April 10th. ValuEngine downgraded American Homes 4 Rent from a buy rating to a hold rating in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $24.50.

AMH stock opened at $24.80 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $7.40 billion, a PE ratio of 22.66, a P/E/G ratio of 2.14 and a beta of 0.65. American Homes 4 Rent has a twelve month low of $18.91 and a twelve month high of $25.02.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.21). The business had revenue of $279.20 million for the quarter, compared to analyst estimates of $275.90 million. American Homes 4 Rent had a return on equity of 1.98% and a net margin of 10.78%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. On average, analysts expect that American Homes 4 Rent will post 1.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, June 13th. American Homes 4 Rent’s payout ratio is presently 18.87%.

In related news, EVP Stephanie G. Heim sold 1,600 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $23.87, for a total transaction of $38,192.00. Following the sale, the executive vice president now owns 60,204 shares of the company’s stock, valued at approximately $1,437,069.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David P. Singelyn sold 1,040,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $23.67, for a total value of $24,616,800.00. Following the sale, the chief executive officer now directly owns 100 shares in the company, valued at approximately $2,367. The disclosure for this sale can be found here. Insiders have sold a total of 3,289,878 shares of company stock worth $78,263,533 in the last ninety days. 27.58% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearbridge Investments LLC raised its stake in shares of American Homes 4 Rent by 7.3% in the 1st quarter. Clearbridge Investments LLC now owns 6,764,231 shares of the real estate investment trust’s stock valued at $153,683,000 after purchasing an additional 458,132 shares during the period. FMR LLC raised its stake in shares of American Homes 4 Rent by 15.4% in the 1st quarter. FMR LLC now owns 9,322,298 shares of the real estate investment trust’s stock valued at $211,803,000 after purchasing an additional 1,247,543 shares during the period. Zimmer Partners LP acquired a new stake in shares of American Homes 4 Rent in the 1st quarter valued at about $45,440,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of American Homes 4 Rent by 161.1% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,235 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 3,847 shares during the period. Finally, Morgan Stanley raised its stake in shares of American Homes 4 Rent by 0.3% in the 1st quarter. Morgan Stanley now owns 3,951,784 shares of the real estate investment trust’s stock valued at $89,784,000 after purchasing an additional 11,197 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

About American Homes 4 Rent

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

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