American Homes 4 Rent (NYSE:AMH – Get a Rating) was downgraded by StockNews.com equity research analysts from a “hold” rating to a “sell” rating in a Monday report.
A number of other equity analysts also commented on AMH. BMO Capital Markets began covering American Homes 4 Rent shares in a research report on Thursday, April 14. They set an “outperform” rating and a target price of $46.00 on the stock. Morgan Stanley cut its price target on shares of American Homes 4 Rent from $41.00 to $39.00 and set an “equal weight” rating on the stock in a Friday, May 27 research report . Jefferies Financial Group began covering American Homes 4 Rent shares in a research note on Wednesday, April 20. They set a “buy” rating and a price target of $48.00 on the stock. B. Riley lowered his price target on shares of American Homes 4 Rent from $47.00 to $43.00 in a Wednesday, May 11 research note. Finally, JPMorgan Chase & Co. lowered its price target on American Homes 4 Rent stock from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note. Tuesday, March 22. One analyst rated the stock with a sell rating, six gave the stock a hold rating, twelve gave the stock a buy rating, and one gave the stock a strong buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $45.00.
Shares of NYSE:AMH traded at $2.35 during Monday’s trading, hitting $33.59. 2,110,746 shares of the company were traded, against an average volume of 2,886,884. The company has a market capitalization of $11.70 billion, a PE ratio of 71.47, a P/E/G ratio of 2.95 and a beta of 0.58. The company’s 50-day simple moving average is $38.69 and its 200-day simple moving average is $39.60. American Homes 4 Rent has a 12 month minimum of $33.42 and a 12 month maximum of $44.07. The company has a debt ratio of 0.55, a current ratio of 0.64 and a quick ratio of 0.64.
American Homes 4 Rent (NYSE:AMH – Get Rating) last released its results on Thursday, May 5. The real estate investment trust reported EPS of $0.16 for the quarter, beating analyst consensus estimates of $0.11 by $0.05. The company posted revenue of $356.11 million for the quarter, versus analyst estimates of $355.76 million. American Homes 4 Rent had a net margin of 13.74% and a return on equity of 3.05%. The company’s quarterly revenue increased by 13.9% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $0.32. On average, sell-side analysts expect American Homes 4 Rent to post 1.56 EPS for the current fiscal year.
Separately, director Tamara Hughes Gustavson acquired 200,000 shares in a transaction dated Thursday, May 12. The shares were acquired at an average cost of $35.71 per share, for a total transaction of $7,142,000.00. Following the completion of the purchase, the director now owns 8,830,956 shares of the company, valued at approximately $315,353,438.76. The purchase was disclosed in a document filed with the SEC, which is available via this link. Additionally, director Douglas N. Benham acquired 1,275 shares in a transaction dated Tuesday, March 15. The shares were purchased at an average price of $25.41 per share, with a total value of $32,397.75. Disclosure of this purchase can be found here. Over the past 90 days, insiders have acquired 201,981 shares of the company valued at $7,194,098. 6.03% of the shares are held by insiders.
Several institutional investors have recently changed their stake in AMH. UMB Bank NA MO bought a new stock position in American Homes 4 Rent during the first quarter for a value of $27,000. Allworth Financial LP bought a new stock position in American Homes 4 Rent during the first quarter worth $32,000. Charter Oak Capital Management LLC purchased a new stock position in American Homes 4 Rent during the fourth quarter for $35,000. National Bank of Canada FI bought a new stock position in American Homes 4 Rent during the fourth quarter at a value of $43,000. Finally, Whittier Trust Co. increased its holdings of American Homes 4 Rent shares by 115.8% during the fourth quarter. Whittier Trust Co. now owns 1,079 shares of the real estate investment trust worth $47,000 after buying 579 additional shares in the last quarter. 88.49% of the shares are held by hedge funds and other institutional investors.
Company Profile American Homes 4 Rent (Get a rating)
American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and “American Homes 4 Rent” is on its way to becoming a nationally recognized brand for rental homes, known for its high quality, value for money and tenant satisfaction. We are an internally managed Maryland Real Estate Investment Trust, or REIT, focused on acquiring, developing, renovating, leasing and operating attractive single-family homes as rental properties.
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