American Homes 4 Rent (NYSE:AMH) Downgraded by StockNews.com

American Homes 4 Rent (NYSE:AMH) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Several other brokerages also recently weighed in on AMH. The Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Company raised shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Evercore ISI raised their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. UBS Group increased their price objective on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Finally, Scotiabank reissued an “outperform” rating and set a $42.00 target price on shares of American Homes 4 Rent in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, American Homes 4 Rent currently has an average rating of “Moderate Buy” and a consensus price target of $41.67.

American Homes 4 Rent Stock Performance

AMH traded down $0.05 during trading on Monday, reaching $37.84. 832,532 shares of the company were exchanged, compared to its average volume of 2,580,373. American Homes 4 Rent has a 52 week low of $31.36 and a 52 week high of $41.41. The stock has a market cap of $13.86 billion, a P/E ratio of 38.61, a PEG ratio of 3.10 and a beta of 0.76. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $38.90 and a 200 day moving average of $37.13.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.18). The firm had revenue of $423.50 million during the quarter, compared to the consensus estimate of $422.46 million. American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, sell-side analysts forecast that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning lifted its position in shares of American Homes 4 Rent by 2.4% in 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. Koshinski Asset Management Inc. acquired a new stake in American Homes 4 Rent during the 3rd quarter valued at $317,000. Exchange Traded Concepts LLC lifted its holdings in shares of American Homes 4 Rent by 556.1% in the third quarter. Exchange Traded Concepts LLC now owns 21,928 shares of the real estate investment trust’s stock valued at $842,000 after purchasing an additional 18,586 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of American Homes 4 Rent by 548.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,103 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 7,700 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of American Homes 4 Rent by 331.9% during the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 604 shares in the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.