American Homes 4 Rent (NYSE:AMH) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of American Homes 4 Rent (NYSE:AMH – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a sell rating on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on AMH. Jefferies Financial Group lowered shares of American Homes 4 Rent from a buy rating to a hold rating and reduced their target price for the stock from $38.00 to $32.00 in a report on Monday, January 2nd. Scotiabank started coverage on American Homes 4 Rent in a report on Tuesday, January 17th. They issued a sector outperform rating and a $36.00 target price for the company. JPMorgan Chase & Co. cut American Homes 4 Rent from an overweight rating to a neutral rating and set a $36.00 target price for the company. in a research note on Friday, December 16th. Morgan Stanley reduced their price target on American Homes 4 Rent from $39.00 to $31.50 and set an equal weight rating on the stock in a research report on Monday, December 12th. Finally, JMP Securities lowered their price objective on American Homes 4 Rent from $42.00 to $38.00 and set a market perform rating for the company in a research report on Tuesday, February 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Homes 4 Rent has a consensus rating of Hold and a consensus price target of $37.09.

American Homes 4 Rent Stock Down 1.8 %

Shares of NYSE:AMH opened at $30.01 on Thursday. The firm has a market capitalization of $10.86 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 2.98 and a beta of 0.66. American Homes 4 Rent has a 1 year low of $29.10 and a 1 year high of $43.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.55 and a quick ratio of 0.55. The firm’s 50-day moving average is $32.45 and its two-hundred day moving average is $32.44.

American Homes 4 Rent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be issued a $0.22 dividend. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.93%. American Homes 4 Rent’s dividend payout ratio is presently 123.95%.

Insider Activity at American Homes 4 Rent

In other American Homes 4 Rent news, CFO Christopher Lau sold 13,281 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $30.22, for a total value of $401,351.82. Following the completion of the transaction, the chief financial officer now owns 82,896 shares in the company, valued at $2,505,117.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other American Homes 4 Rent news, CFO Christopher Lau sold 13,281 shares of American Homes 4 Rent stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $30.22, for a total transaction of $401,351.82. Following the transaction, the chief financial officer now owns 82,896 shares of the company’s stock, valued at $2,505,117.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Douglas N. Benham acquired 1,156 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was purchased at an average cost of $24.60 per share, with a total value of $28,437.60. Following the completion of the acquisition, the director now directly owns 24,951 shares of the company’s stock, valued at approximately $613,794.60. The disclosure for this purchase can be found here. Insiders own 6.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMH. MetLife Investment Management LLC acquired a new position in American Homes 4 Rent in the 1st quarter valued at about $236,000. Great West Life Assurance Co. Can increased its holdings in shares of American Homes 4 Rent by 5.6% in the first quarter. Great West Life Assurance Co. Can now owns 255,574 shares of the real estate investment trust’s stock valued at $10,631,000 after purchasing an additional 13,647 shares during the period. Yousif Capital Management LLC raised its stake in shares of American Homes 4 Rent by 5.1% during the first quarter. Yousif Capital Management LLC now owns 15,912 shares of the real estate investment trust’s stock worth $637,000 after purchasing an additional 767 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of American Homes 4 Rent by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,597,311 shares of the real estate investment trust’s stock worth $184,037,000 after purchasing an additional 134,931 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of American Homes 4 Rent by 16.3% during the first quarter. Sei Investments Co. now owns 244,953 shares of the real estate investment trust’s stock worth $9,809,000 after purchasing an additional 34,401 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Company Profile

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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.