Zelman & Associates Lowers American Homes 4 Rent (NYSE:AMH) to Hold

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American Homes 4 Rent (NYSE:AMH) was downgraded by investment analysts at Zelman & Associates from a “buy” rating to a “hold” rating in a report issued on Wednesday, The Fly reports.

Several other research firms also recently weighed in on AMH. JPMorgan Chase & Co. boosted their target price on American Homes 4 Rent from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Wells Fargo & Co reissued an “equal weight” rating and set a $29.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, February 18th. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, JMP Securities boosted their target price on American Homes 4 Rent from $27.00 to $29.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. American Homes 4 Rent presently has a consensus rating of “Hold” and an average price target of $27.90.

Shares of American Homes 4 Rent stock traded up $0.42 on Wednesday, reaching $20.74. The company had a trading volume of 6,031,500 shares, compared to its average volume of 2,752,941. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 71.52, a P/E/G ratio of 1.32 and a beta of 0.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s 50-day moving average price is $26.83 and its two-hundred day moving average price is $26.29. American Homes 4 Rent has a 1 year low of $17.50 and a 1 year high of $29.89.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, February 27th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $284.00 million for the quarter, compared to the consensus estimate of $289.07 million. American Homes 4 Rent had a return on equity of 2.12% and a net margin of 11.13%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, analysts anticipate that American Homes 4 Rent will post 1.19 EPS for the current year.

In other news, Director Tamara Hughes Gustavson bought 583,230 shares of American Homes 4 Rent stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average price of $27.99 per share, for a total transaction of $16,324,607.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Douglas N. Benham bought 5,385 shares of American Homes 4 Rent stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average price of $17.57 per share, with a total value of $94,614.45. Following the purchase, the director now directly owns 4,385 shares in the company, valued at $77,044.45. The disclosure for this purchase can be found here. Insiders have bought a total of 1,400,396 shares of company stock worth $39,272,298 in the last three months. Corporate insiders own 27.58% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Utah Retirement Systems grew its position in shares of American Homes 4 Rent by 1.1% during the 4th quarter. Utah Retirement Systems now owns 57,078 shares of the real estate investment trust’s stock valued at $1,495,000 after acquiring an additional 600 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of American Homes 4 Rent by 11.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,128 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 923 shares during the period. Creative Planning boosted its holdings in American Homes 4 Rent by 11.7% in the 4th quarter. Creative Planning now owns 9,302 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 971 shares during the last quarter. Redpoint Investment Management Pty Ltd lifted its holdings in American Homes 4 Rent by 19.4% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 10,399 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 1,689 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of American Homes 4 Rent by 39.7% in the 3rd quarter. Penserra Capital Management LLC now owns 7,064 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 2,008 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

About American Homes 4 Rent

American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and "American Homes 4 Rent" is fast becoming a nationally recognized brand for rental homes, known for high quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, renovating, leasing, and operating attractive, single-family homes as rental properties.

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