American Homes 4 Rent (NYSE:AMH) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of American Homes 4 Rent (NYSE:AMH) from a hold rating to a sell rating in a research note issued to investors on Sunday morning.

AMH has been the subject of a number of other research reports. Wells Fargo & Company reduced their target price on American Homes 4 Rent from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Morgan Stanley cut their price target on shares of American Homes 4 Rent from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, November 13th. Barclays reduced their price objective on shares of American Homes 4 Rent from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. BMO Capital Markets restated a “market perform” rating and set a $37.00 target price on shares of American Homes 4 Rent in a research report on Friday, January 9th. Finally, The Goldman Sachs Group set a $37.00 price target on shares of American Homes 4 Rent in a research report on Monday, December 15th. Seven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, American Homes 4 Rent presently has a consensus rating of “Hold” and an average target price of $37.20.

American Homes 4 Rent Trading Down 1.8%

Shares of American Homes 4 Rent stock opened at $31.79 on Friday. American Homes 4 Rent has a 52-week low of $28.84 and a 52-week high of $39.49. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The company’s 50-day simple moving average is $31.66 and its 200-day simple moving average is $33.23. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 3.08 and a beta of 0.79.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $478.46 million for the quarter, compared to analyst estimates of $475.75 million. American Homes 4 Rent had a return on equity of 5.90% and a net margin of 24.70%.The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. As a group, equities research analysts anticipate that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.20 annualized dividend and a yield of 3.8%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 101.69%.

Insider Buying and Selling at American Homes 4 Rent

In other news, Director Jack E. Corrigan bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $22.96 per share, for a total transaction of $114,800.00. Following the completion of the transaction, the director owned 17,300 shares in the company, valued at $397,208. The trade was a 40.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas N. Benham purchased 1,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was acquired at an average price of $31.65 per share, with a total value of $31,650.00. Following the completion of the acquisition, the director directly owned 7,991 shares in the company, valued at $252,915.15. The trade was a 14.30% increase in their position. The SEC filing for this purchase provides additional information. 6.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On American Homes 4 Rent

A number of hedge funds and other institutional investors have recently made changes to their positions in AMH. Perpetual Ltd boosted its stake in American Homes 4 Rent by 67.9% in the 4th quarter. Perpetual Ltd now owns 40,472 shares of the real estate investment trust’s stock worth $1,299,000 after buying an additional 16,360 shares during the last quarter. Aberdeen Group plc increased its stake in shares of American Homes 4 Rent by 3.9% during the 4th quarter. Aberdeen Group plc now owns 164,491 shares of the real estate investment trust’s stock valued at $5,280,000 after acquiring an additional 6,214 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of American Homes 4 Rent by 10.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 41,355 shares of the real estate investment trust’s stock worth $1,320,000 after acquiring an additional 4,019 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of American Homes 4 Rent by 34.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 33,838 shares of the real estate investment trust’s stock worth $1,086,000 after acquiring an additional 8,730 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its position in shares of American Homes 4 Rent by 6.9% in the fourth quarter. Capital Investment Advisors LLC now owns 296,303 shares of the real estate investment trust’s stock worth $9,511,000 after acquiring an additional 19,102 shares during the last quarter. Hedge funds and other institutional investors own 91.87% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.