American Homes 4 Rent (NYSE:AMH) Downgraded to "Neutral" Rating by Citigroup

American Homes 4 Rent (NYSE:AMH - Get Free Report) was downgraded by Citigroup from a "buy" rating to a "neutral" rating in a research note issued to investors on Friday,Finviz reports.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley upped their price target on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the company an "overweight" rating in a report on Thursday, May 22nd. Mizuho lowered their target price on American Homes 4 Rent from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Raymond James boosted their price target on American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Evercore ISI increased their price objective on American Homes 4 Rent from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Barclays lifted their target price on American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $40.89.

American Homes 4 Rent Stock Performance

Shares of NYSE:AMH opened at $36.85 on Friday. The firm's 50 day simple moving average is $37.08 and its 200 day simple moving average is $36.57. American Homes 4 Rent has a fifty-two week low of $31.68 and a fifty-two week high of $41.41. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 34.12, a P/E/G ratio of 3.56 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. The company had revenue of $459.28 million for the quarter, compared to analyst estimates of $449.00 million. During the same quarter last year, the firm posted $0.43 earnings per share. American Homes 4 Rent's revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Sara H. Vogt-Lowell sold 42,500 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $39.01, for a total value of $1,657,925.00. Following the sale, the chief accounting officer now owns 99,214 shares in the company, valued at approximately $3,870,338.14. This represents a 29.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack E. Corrigan acquired 4,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was bought at an average price of $23.42 per share, for a total transaction of $93,680.00. Following the completion of the acquisition, the director now owns 12,000 shares of the company's stock, valued at approximately $281,040. The trade was a 50.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Homes 4 Rent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMH. Mountain Hill Investment Partners Corp. acquired a new stake in shares of American Homes 4 Rent during the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC acquired a new stake in shares of American Homes 4 Rent in the 1st quarter valued at $29,000. National Pension Service bought a new position in shares of American Homes 4 Rent in the 4th quarter valued at $30,000. Parallel Advisors LLC lifted its position in shares of American Homes 4 Rent by 171.1% during the 1st quarter. Parallel Advisors LLC now owns 843 shares of the real estate investment trust's stock worth $32,000 after buying an additional 532 shares during the last quarter. Finally, Pandora Wealth Inc. acquired a new stake in American Homes 4 Rent in the first quarter valued at about $38,000. 91.87% of the stock is owned by institutional investors and hedge funds.

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.

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