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

Scotiabank downgraded shares of American Homes 4 Rent (NYSE:AMH) from a sector outperform rating to a sector perform rating in a research note published on Thursday morning, MarketBeat reports. They currently have $38.00 price target on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods dropped their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Mizuho boosted their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Evercore ISI raised shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $42.00 in a research note on Monday, November 11th. Finally, Barclays assumed coverage on shares of American Homes 4 Rent in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.86.

American Homes 4 Rent Stock Performance

American Homes 4 Rent stock opened at $34.60 on Thursday. The stock has a 50-day simple moving average of $36.84 and a 200 day simple moving average of $37.56. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 36.05, a P/E/G ratio of 2.98 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.59. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41.

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

American Homes 4 Rent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Friday, December 13th. American Homes 4 Rent’s payout ratio is currently 108.33%.

Insider Activity

In related news, COO Bryan Smith sold 40,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares in the company, valued at approximately $4,746,924. This trade represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas N. Benham bought 3,286 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the transaction, the director now owns 41,946 shares in the company, 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. Corporate insiders own 6.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Maryland Capital Advisors Inc. bought a new stake in American Homes 4 Rent during the 3rd quarter worth about $25,000. UMB Bank n.a. increased its position in shares of American Homes 4 Rent by 331.9% in the third quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 604 shares during the last quarter. Assetmark Inc. raised its holdings in American Homes 4 Rent by 359.1% during the third quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 790 shares in the last quarter. V Square Quantitative Management LLC boosted 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 valued at $44,000 after purchasing an additional 275 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in American Homes 4 Rent in the third quarter valued at approximately $53,000. Institutional investors and hedge funds 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.