American Homes 4 Rent (NYSE:AMH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “American Homes 4 Rent is an internally managed real estate investment trust. It is focused on acquiring, renovating, leasing, and operating single-family homes as rental properties. It rents residential properties primarily in Arizona, California, Florida, Georgia, and Nevada. American Homes 4 Rent is based in Malibu, California. “

AMH has been the topic of several other research reports. Evercore ISI initiated coverage on shares of American Homes 4 Rent in a research report on Monday, June 5th. They set an “in-line” rating and a $24.50 price objective on the stock. TheStreet raised shares of American Homes 4 Rent from a “c” rating to a “b” rating in a research report on Friday, August 4th. BidaskClub lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Mizuho raised shares of American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price objective on the stock in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price objective on shares of American Homes 4 Rent in a research report on Friday, May 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.00.

Shares of American Homes 4 Rent (NYSE:AMH) traded down 1.11% during trading on Tuesday, reaching $22.36. 11,302,249 shares of the company traded hands. The firm has a 50-day moving average price of $22.66 and a 200-day moving average price of $22.79. American Homes 4 Rent has a 12 month low of $19.62 and a 12 month high of $23.98. The firm’s market capitalization is $5.82 billion.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.04. The business had revenue of $237 million for the quarter, compared to the consensus estimate of $236.28 million. American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.70%. American Homes 4 Rent’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS. Equities research analysts anticipate 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 shares were sold at an average price of $22.40, for a total value of $278,476.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 27.82% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AMH. Vanguard Group Inc. raised its position in American Homes 4 Rent by 0.4% in the second quarter. Vanguard Group Inc. now owns 35,287,763 shares of the real estate investment trust’s stock worth $796,445,000 after buying an additional 153,921 shares in the last quarter. FMR LLC raised its position in American Homes 4 Rent by 35.0% in the second quarter. FMR LLC now owns 18,292,853 shares of the real estate investment trust’s stock worth $412,870,000 after buying an additional 4,747,436 shares in the last quarter. BlackRock Inc. raised its position in American Homes 4 Rent by 16.8% in the second quarter. BlackRock Inc. now owns 15,261,883 shares of the real estate investment trust’s stock worth $344,461,000 after buying an additional 2,189,671 shares in the last quarter. Daiwa Securities Group Inc. raised its position in American Homes 4 Rent by 2.5% in the first quarter. Daiwa Securities Group Inc. now owns 8,968,726 shares of the real estate investment trust’s stock worth $205,922,000 after buying an additional 219,267 shares in the last quarter. Finally, State Street Corp raised its position in American Homes 4 Rent by 9.9% in the second quarter. State Street Corp now owns 6,669,958 shares of the real estate investment trust’s stock worth $150,541,000 after buying an additional 603,365 shares in the last quarter. 92.20% of the stock is currently owned by institutional investors.

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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