American Homes 4 Rent (NYSE:AMH) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded American Homes 4 Rent from “hold” to “sell.” The call contrasts with the broader analyst consensus, which remains “Moderate Buy” with a $36.65 price target.
• The REIT reported quarterly earnings of $0.50 per share, beating the $0.18 consensus estimate, while revenue of $498.07 million also exceeded expectations and rose 4.1% year over year.
• Shares opened at $32.45, within a 12-month range of $27.22 to $35.07. Company insiders purchased 15,000 shares worth about $328,040 over the past 90 days.

American Homes 4 Rent (NYSE:AMH - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Mizuho raised American Homes 4 Rent from a "neutral" rating to an "outperform" rating and upped their price target for the company from $35.00 to $36.00 in a research note on Monday, September 21st. Scotiabank cut their price target on shares of American Homes 4 Rent from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 17th. Morgan Stanley reduced their price objective on shares of American Homes 4 Rent from $38.50 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 12th. Wells Fargo & Company decreased their price objective on shares of American Homes 4 Rent from $38.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, October 19th. Finally, Barclays decreased their price objective on shares of American Homes 4 Rent from $36.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.65.

American Homes 4 Rent Stock Up 0.5%

NYSE:AMH opened at $32.45 on Friday. American Homes 4 Rent has a 12-month low of $27.22 and a 12-month high of $35.07. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $11.70 billion, a P/E ratio of 26.59, a P/E/G ratio of 2.96 and a beta of 0.76. The stock's fifty day simple moving average is $31.41 and its 200-day simple moving average is $31.65.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.32. The business had revenue of $498.07 million during the quarter, compared to analysts' expectations of $488.73 million. American Homes 4 Rent had a return on equity of 6.07% and a net margin of 24.17%. The firm's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. Equities research analysts expect that American Homes 4 Rent will post 1.91 earnings per share for the current year.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack Corrigan acquired 8,000 shares of American Homes 4 Rent stock in a transaction dated Friday, September 11th. The stock was bought at an average cost of $21.49 per share, with a total value of $171,920.00. Following the completion of the transaction, the director directly owned 25,000 shares of the company's stock, valued at approximately $537,250. This represents a 47.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 15,000 shares of company stock worth $328,040 over the last ninety days. 5.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Homes 4 Rent

Several institutional investors have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp grew its stake in American Homes 4 Rent by 3.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust's stock worth $338,000 after purchasing an additional 424 shares during the period. Assetmark Inc. increased its holdings in American Homes 4 Rent by 7.2% in the first quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust's stock worth $179,000 after purchasing an additional 431 shares in the last quarter. Bessemer Group Inc. lifted its stake in American Homes 4 Rent by 39.4% in the third quarter. Bessemer Group Inc. now owns 1,631 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 461 shares during the period. Abel Hall LLC lifted its stake in American Homes 4 Rent by 2.8% in the third quarter. Abel Hall LLC now owns 17,159 shares of the real estate investment trust's stock valued at $521,000 after buying an additional 469 shares during the period. Finally, Allstate Corp lifted its stake in American Homes 4 Rent by 2.4% in the second quarter. Allstate Corp now owns 26,222 shares of the real estate investment trust's stock valued at $879,000 after buying an additional 622 shares during the period. Institutional investors own 91.87% of the company's stock.

About American Homes 4 Rent

American Homes 4 Rent is a real estate investment trust that owns, operates and leases single-family homes in the United States. The company rents homes to individuals and families, offering an alternative to homeownership in its markets. In addition to acquiring existing homes, American Homes 4 Rent develops single-family properties for rental through its build-to-rent program. Its portfolio and operations span multiple regions of the country, including the Southeast, Midwest, Southwest and West.

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