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

American Homes 4 Rent (NYSE:AMH) was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a report released on Thursday, Marketbeat reports. They presently have a $38.00 price objective on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential upside of 9.83% from the company’s previous close.

Several other research firms have also recently commented on AMH. Evercore ISI upgraded American Homes 4 Rent from an “in-line” rating to an “outperform” rating and raised their target price for the company from $41.00 to $42.00 in a research report on Monday, November 11th. Barclays started coverage on shares of American Homes 4 Rent in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $39.00 price target for the company. Keefe, Bruyette & Woods lowered their price objective on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Mizuho upped their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lowered American Homes 4 Rent from a “buy” rating to a “hold” rating and decreased their price target for the company from $40.00 to $37.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.67.

American Homes 4 Rent Price Performance

Shares of AMH stock opened at $34.60 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $12.78 billion, a P/E ratio of 36.04, a P/E/G ratio of 2.93 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 firm has a fifty day moving average of $36.78 and a two-hundred day moving average of $37.54.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $445.06 million during the quarter, compared to the consensus estimate of $443.81 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Bryan Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the sale, the chief operating officer now directly 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 can be accessed through this link. Also, Director Douglas N. Benham acquired 3,286 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average cost of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the transaction, the director now directly owns 41,946 shares of the company’s stock, valued at $1,027,257.54. This represents a 8.50 % increase in their position. The disclosure for this purchase can be found here. 6.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On American Homes 4 Rent

A number of institutional investors have recently modified their holdings of the stock. Forsta AP Fonden purchased a new stake in shares of American Homes 4 Rent during the fourth quarter worth $1,834,000. Blue Trust Inc. increased its position in American Homes 4 Rent by 54.0% in the 4th quarter. Blue Trust Inc. now owns 8,113 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 2,844 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of American Homes 4 Rent by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 22,860 shares of the real estate investment trust’s stock worth $855,000 after purchasing an additional 932 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of American Homes 4 Rent by 77.2% during the 4th quarter. UMB Bank n.a. now owns 1,393 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 607 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of American Homes 4 Rent in the 4th quarter valued at approximately $206,000. Institutional investors and hedge funds 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.