American Homes 4 Rent (NYSE:AMH) Hits New 52-Week Low - Should You Sell?

American Homes 4 Rent (NYSE:AMH - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $33.24 and last traded at $33.46, with a volume of 825466 shares trading hands. The stock had previously closed at $33.96.

Wall Street Analyst Weigh In

AMH has been the topic of a number of recent analyst reports. Mizuho reduced their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th. JMP Securities restated a "market outperform" rating and set a $41.00 price objective on shares of American Homes 4 Rent in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a "buy" rating to a "hold" rating and cut their target price for the stock from $40.00 to $37.00 in a report on Tuesday, January 21st. Scotiabank lowered shares of American Homes 4 Rent from a "sector outperform" rating to a "sector perform" rating and set a $38.00 price target for the company. in a report on Thursday, January 23rd. Finally, Barclays raised their price objective on American Homes 4 Rent from $37.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, American Homes 4 Rent presently has an average rating of "Hold" and an average price target of $40.14.

American Homes 4 Rent Price Performance

The company has a market capitalization of $13.02 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 3.56 and a beta of 0.73. The business's 50-day moving average is $35.82 and its two-hundred day moving average is $36.54. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.30. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The firm had revenue of $436.59 million during the quarter, compared to the consensus estimate of $442.02 million. As a group, analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Friday, March 14th. This is an increase from American Homes 4 Rent's previous quarterly dividend of $0.26. American Homes 4 Rent's dividend payout ratio (DPR) is 111.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in American Homes 4 Rent by 4.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 196,084 shares of the real estate investment trust's stock valued at $7,337,000 after acquiring an additional 8,370 shares during the period. Clearbridge Investments LLC lifted its position in American Homes 4 Rent by 26.3% in the fourth quarter. Clearbridge Investments LLC now owns 2,821,944 shares of the real estate investment trust's stock valued at $105,597,000 after purchasing an additional 588,302 shares during the last quarter. PGGM Investments boosted its stake in shares of American Homes 4 Rent by 7.3% during the fourth quarter. PGGM Investments now owns 1,062,538 shares of the real estate investment trust's stock valued at $39,760,000 after purchasing an additional 71,890 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of American Homes 4 Rent by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,334,035 shares of the real estate investment trust's stock worth $162,180,000 after purchasing an additional 110,022 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of American Homes 4 Rent by 4.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 504,023 shares of the real estate investment trust's stock worth $18,861,000 after purchasing an additional 22,310 shares during the last quarter. Institutional investors own 91.87% of the company's stock.

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.