American Homes 4 Rent (NYSE:AMH) Lowered to Sector Perform Rating by Scotiabank

American Homes 4 Rent (NYSE:AMH) was downgraded by investment analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports. They currently have a $38.00 price objective on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential upside of 8.80% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Mizuho upped their price target on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Barclays started coverage on shares of American Homes 4 Rent in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $39.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut American Homes 4 Rent from a “buy” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $37.00 in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and set a $41.00 target price on shares of American Homes 4 Rent in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods lowered their price target on American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.86.

American Homes 4 Rent Stock Performance

Shares of NYSE AMH opened at $34.93 on Thursday. The stock’s 50-day moving average is $36.90 and its 200 day moving average is $37.58. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 2.98 and a beta of 0.78. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The company had revenue of $445.06 million for the quarter, compared to the consensus estimate of $443.81 million. During the same period last year, the business posted $0.41 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Bryan Smith sold 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at $4,746,924. This represents a 24.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas N. Benham bought 3,286 shares of American Homes 4 Rent stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the acquisition, the director now owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 6.32% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

Several large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC lifted its stake in American Homes 4 Rent by 31.6% in the third quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 275 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in American Homes 4 Rent by 24.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,588 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 310 shares in the last quarter. Creative Planning lifted its holdings in American Homes 4 Rent by 2.4% during the third quarter. Creative Planning now owns 14,181 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 330 shares during the period. US Bancorp DE lifted its stake in shares of American Homes 4 Rent by 3.3% during the 3rd quarter. US Bancorp DE now owns 14,896 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 478 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of American Homes 4 Rent by 14.0% in the 4th quarter. GAMMA Investing LLC now owns 4,091 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 503 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

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.