American Homes 4 Rent (AMH) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

According to Zacks, “American Homes 4 Rent is an internally managed real estate investment trust. It is focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. It rents residential properties primarily in Arizona, California, Florida, Georgia, and Nevada. American Homes 4 Rent is based in Malibu, California. “

AMH has been the topic of several other reports. Evercore ISI initiated coverage on American Homes 4 Rent in a report on Monday, June 5th. They set an in-line rating and a $24.50 price target on the stock. TheStreet raised American Homes 4 Rent from a c rating to a b rating in a research note on Friday, August 4th. BidaskClub lowered American Homes 4 Rent from a buy rating to a hold rating in a research note on Monday, July 31st. Mizuho raised American Homes 4 Rent from a neutral rating to a buy rating and set a $25.50 price objective on the stock in a research note on Monday, July 10th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $24.00 price objective on shares of American Homes 4 Rent in a research note on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $25.00.

American Homes 4 Rent (NYSE AMH) opened at 23.08 on Tuesday. American Homes 4 Rent has a 52-week low of $19.63 and a 52-week high of $23.98. The firm’s 50-day moving average is $22.69 and its 200-day moving average is $22.80. The firm’s market capitalization is $6.01 billion.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The firm had revenue of $237 million for the quarter, compared to the consensus estimate of $236.28 million. American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. On average, equities analysts expect that American Homes 4 Rent will post $0.05 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, September 14th. American Homes 4 Rent’s dividend payout ratio is currently -181.82%.

In related news, insider Bryan Smith sold 12,432 shares of American Homes 4 Rent stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $22.40, for a total value of $278,476.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 27.82% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in shares of American Homes 4 Rent by 249.3% in the second quarter. Bank of Montreal Can now owns 428,244 shares of the real estate investment trust’s stock valued at $9,666,000 after buying an additional 305,641 shares during the period. Metropolitan Life Insurance Co. NY raised its position in shares of American Homes 4 Rent by 1.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,631 shares of the real estate investment trust’s stock valued at $349,000 after buying an additional 318 shares during the period. BlackRock Inc. raised its position in shares of American Homes 4 Rent by 3,164.1% in the first quarter. BlackRock Inc. now owns 13,072,212 shares of the real estate investment trust’s stock valued at $300,137,000 after buying an additional 12,671,722 shares during the period. Principal Financial Group Inc. raised its position in shares of American Homes 4 Rent by 435.1% in the first quarter. Principal Financial Group Inc. now owns 2,480,682 shares of the real estate investment trust’s stock valued at $56,956,000 after buying an additional 2,017,079 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of American Homes 4 Rent by 105.1% in the first quarter. Wells Fargo & Company MN now owns 344,780 shares of the real estate investment trust’s stock valued at $7,916,000 after buying an additional 176,711 shares during the period. 92.20% of the stock is currently owned by institutional investors.

About American Homes 4 Rent

American Homes 4 Rent is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s primary objective is to generate attractive risk-adjusted returns for its shareholders through dividends and capital appreciation by acquiring, renovating, leasing and operating single-family homes as rental properties.

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