American Homes 4 Rent (NYSE:AMH – Get a Rating) was downgraded by StockNews.com research analysts from a “hold” rating to a “sell” rating in a research report released Friday to clients and investors.
Other equity research analysts have also recently published research reports on the company. Goldman Sachs Group cut its price target on American Homes 4 Rent from $42.00 to $35.00 and set a “neutral” rating for the company in a Tuesday, October 18 report. Royal Bank of Canada lowered its price target on American Homes 4 Rent from $40.00 to $37.00 and set an “outperform” rating for the company in a research report Monday. Jefferies Financial Group lowered its price target on American Homes 4 Rent shares from $45.00 to $38.00 and set a “buy” rating on the stock in a Wednesday, October 19 research note. Oppenheimer began covering American Homes 4 Rent in a research note on Monday, July 18. They issued a “market performance” rating and a price target of $35.00 for the company. Finally, Barclays cut its price target on American Homes 4 Rent shares from $44.00 to $41.00 and set an “overweight” rating for the company in a Thursday, October 6 research note. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned the stock a strong buy rating. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of “Moderate Buy” and an average price target of $39.60.
American Homes 4 Rent Stock Performance
AMH shares were down $0.45 during Friday trading hours, hitting $32.05. 2,781,447 shares of the company were traded, with an average volume of 2,577,948. The company has a fifty-day moving average price of $33.04 and a 200-day moving average price of $35.35. The stock has a market capitalization of $11.17 billion, a P/E ratio of 53.42, a P/E/G ratio of 2.41 and a beta of 0.58. The company has a quick ratio of 0.52, a current ratio of 0.54 and a debt ratio of 0.61. American Homes 4 Rent has a 12 month minimum of $29.31 and a 12 month maximum of $44.07.
Insider activity
In other news, COO Bryan Smith sold 5,519 shares of the company in a trade that took place on Thursday, September 15. The stock was sold at an average price of $35.67, for a total transaction of $196,862.73. Following the sale, the COO now owns 81,287 shares of the company, valued at approximately $2,899,507.29. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Separately, COO Bryan Smith sold 5,519 shares of the company in a trade dated Thursday, September 15. The stock was sold at an average price of $35.67, for a total value of $196,862.73. Following the completion of the transaction, the COO now owns 81,287 shares of the company, valued at $2,899,507.29. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, director Kenneth M. Woolley sold 10,000 shares in a trade that took place on Friday, August 26. The shares were sold at an average price of $36.69, for a total transaction of $366,900.00. Following completion of the transaction, the administrator now directly owns 20,128 shares of the company, valued at approximately $738,496.32. The disclosure of this sale can be found here. Company insiders own 6.03% of the company’s shares.
Institutional entries and exits
Several hedge funds have recently changed their AMH holdings. Charter Oak Capital Management LLC bought a new position in American Homes 4 Rent stock in the second quarter worth about $31,000. Raymond James Trust NA increased its stake in American Homes 4 Rent by 15.9% in the second quarter. Raymond James Trust NA now owns 6,129 shares of the real estate investment trust worth $217,000 after purchasing an additional 842 shares during the period. National Bank of Canada FI increased its stake in American Homes 4 Rent shares by 11,168.2% during the first quarter. National Bank of Canada FI now owns 111,330 shares of the real estate investment trust worth $4,822,000 after purchasing an additional 110,342 shares last quarter. During the second quarter, TD Asset Management Inc. purchased a new stock position in American Homes 4 Rent valued at $814,000. Finally, BW Gestao de Investimentos Ltda. increased its stake in shares of American Homes 4 Rent by 101.6% in the second quarter. BW Gestao de Investimentos Ltda. now owns 125,000 shares of the real estate investment trust worth $4,430,000 after purchasing an additional 63,000 shares in the last quarter. Hedge funds and other institutional investors hold 88.49% of the company’s shares.
About American Homes 4 Rent
(Get a rating)
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 its high quality, good value for money and satisfied tenants. We are an internally managed Maryland Real Estate Investment Trust, or REIT, focused on acquiring, developing, renovating, leasing and operating attractive single-family homes as rental properties.
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