American Homes 4 Rent (NYSE:AMH) Downgraded to Sector Perform Rating by Scotiabank

Scotiabank lowered shares of American Homes 4 Rent (NYSE:AMH - Free Report) from a sector outperform rating to a sector perform rating in a report published on Thursday morning, MarketBeat Ratings reports. They currently have $38.00 target price on the real estate investment trust's stock.

A number of other equities analysts have also weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on American Homes 4 Rent from $39.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, November 6th. 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. Evercore ISI raised shares of American Homes 4 Rent from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $41.00 to $42.00 in a research note on Monday, November 11th. StockNews.com lowered American Homes 4 Rent from a "hold" rating to a "sell" rating in a research note on Tuesday, December 3rd. Finally, JMP Securities reiterated a "market outperform" rating and set a $41.00 price target on shares of American Homes 4 Rent in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, American Homes 4 Rent has a consensus rating of "Hold" and a consensus price target of $40.86.

American Homes 4 Rent Stock Down 1.3 %

AMH traded down $0.47 during trading on Thursday, hitting $34.45. The stock had a trading volume of 1,685,051 shares, compared to its average volume of 2,262,564. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $12.73 billion, a PE ratio of 35.90, a PEG ratio of 2.98 and a beta of 0.78. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The stock has a 50 day simple moving average of $36.90 and a two-hundred day simple moving average of $37.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million for the quarter, compared to analysts' expectations of $443.81 million. American Homes 4 Rent had a return on equity of 4.76% and a net margin of 21.51%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, research analysts predict that American Homes 4 Rent will post 1.77 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.26 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.04 annualized dividend and a dividend yield of 3.02%. American Homes 4 Rent's dividend payout ratio (DPR) is currently 108.33%.

Insider Activity at American Homes 4 Rent

In related news, COO Bryan Smith sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares of the company's stock, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas N. Benham acquired 3,286 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average cost of $24.49 per share, with a total value of $80,474.14. Following the completion of the acquisition, 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. 6.32% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Several hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC lifted its position in 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 buying an additional 275 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in American Homes 4 Rent by 24.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 310 shares during the period. Creative Planning lifted its holdings in shares of American Homes 4 Rent by 2.4% during the 3rd quarter. Creative Planning now owns 14,181 shares of the real estate investment trust's stock valued at $544,000 after acquiring an additional 330 shares in the last quarter. US Bancorp DE boosted its position in shares of American Homes 4 Rent by 3.3% in the third quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust's stock worth $572,000 after buying an additional 478 shares during the period. Finally, GAMMA Investing LLC raised its stake 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 valued at $153,000 after purchasing an additional 503 shares during the period. Hedge funds and other 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.