American Homes 4 Rent (NYSE:AMH) Cut to Sector Perform at Scotiabank

Scotiabank lowered shares of American Homes 4 Rent (NYSE:AMH) from a sector outperform rating to a sector perform rating in a research report released on Thursday morning, Marketbeat.com reports. Scotiabank currently has $38.00 price objective on the real estate investment trust’s stock.

AMH has been the topic of several other reports. Barclays started coverage on shares of American Homes 4 Rent in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $39.00 price target on the stock. Keefe, Bruyette & Woods cut their target price on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Mizuho raised their price target on 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. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report 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 note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

American Homes 4 Rent Stock Down 0.1 %

American Homes 4 Rent stock opened at $34.60 on Thursday. The firm has a market capitalization of $12.78 billion, a P/E ratio of 36.04, a P/E/G ratio of 2.93 and a beta of 0.78. The stock’s fifty day simple moving average is $36.78 and its 200-day simple moving average is $37.55. American Homes 4 Rent has a twelve month low of $33.75 and a twelve month high of $41.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The company had revenue of $445.06 million during the quarter, compared to analysts’ expectations of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, equities analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.26 per share. 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 dividend payout ratio is presently 108.33%.

Insiders Place Their Bets

In other American Homes 4 Rent news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction 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 sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction dated 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 purchase, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 6.32% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Forsta AP Fonden acquired a new position in shares of American Homes 4 Rent in the fourth quarter worth $1,834,000. Blue Trust Inc. grew its stake in American Homes 4 Rent by 54.0% in the 4th quarter. Blue Trust Inc. now owns 8,113 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 2,844 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of American Homes 4 Rent by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 22,860 shares of the real estate investment trust’s stock worth $855,000 after purchasing an additional 932 shares during the period. UMB Bank n.a. boosted its holdings in shares of American Homes 4 Rent by 77.2% during the fourth quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in American Homes 4 Rent in the fourth quarter valued at $206,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

About American Homes 4 Rent

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.