American Homes 4 Rent (NYSE:AMH) Downgraded to “Hold” at BidaskClub
American Homes 4 Rent (NYSE:AMH) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, July 31st.
A number of other brokerages have also commented on AMH. FBR & Co restated a “buy” rating on shares of American Homes 4 Rent in a research report on Saturday, May 6th. Zacks Investment Research lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Monday, July 10th. Evercore ISI started coverage on American Homes 4 Rent in a research note on Monday, June 5th. They set an “in-line” rating and a $24.50 price target for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price target on shares of American Homes 4 Rent in a research note on Monday, May 15th. Finally, Mizuho raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price target for the company in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.38.
American Homes 4 Rent (NYSE AMH) traded down 0.23% on Monday, reaching $22.06. 2,949,221 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $22.67 and its 200 day moving average is $22.76. American Homes 4 Rent has a 1-year low of $19.63 and a 1-year high of $23.98. The stock’s market capitalization is $5.74 billion.
American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.04. American Homes 4 Rent had a return on equity of 0.70% and a net margin of 3.82%. The business had revenue of $237 million for the quarter, compared to analyst estimates of $236.28 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. Analysts expect that American Homes 4 Rent will post $0.05 EPS for the current year.
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In other 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 transaction of $278,476.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.82% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in AMH. FNY Partners Fund LP acquired a new position in American Homes 4 Rent during the first quarter worth approximately $114,000. PNC Financial Services Group Inc. raised its position in American Homes 4 Rent by 169.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 3,423 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in American Homes 4 Rent by 35.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 7,125 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 1,848 shares in the last quarter. Teza Capital Management LLC acquired a new position in American Homes 4 Rent during the first quarter worth approximately $202,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in American Homes 4 Rent during the second quarter worth approximately $219,000. 92.84% of the stock is currently owned by institutional investors and hedge funds.
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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