American Homes 4 Rent (NYSE:AMH) Stock Rating Lowered by Wall Street Zen

American Homes 4 Rent (NYSE:AMH) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Several other brokerages also recently commented on AMH. BMO Capital Markets reaffirmed a “market perform” rating and set a $37.00 target price on shares of American Homes 4 Rent in a report on Friday, January 9th. Wolfe Research upgraded American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Thursday, October 2nd. The Goldman Sachs Group set a $37.00 price objective on shares of American Homes 4 Rent in a report on Monday, December 15th. UBS Group cut their price objective on American Homes 4 Rent from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. dropped their target price on American Homes 4 Rent from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Monday, January 12th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $37.19.

American Homes 4 Rent Stock Up 2.0%

Shares of NYSE:AMH opened at $32.37 on Friday. The company’s fifty day moving average is $31.65 and its 200-day moving average is $33.30. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market capitalization of $12.01 billion, a PE ratio of 27.43, a P/E/G ratio of 3.08 and a beta of 0.79. American Homes 4 Rent has a 52 week low of $28.84 and a 52 week high of $39.49.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. American Homes 4 Rent had a net margin of 24.70% and a return on equity of 5.90%. The company had revenue of $478.46 million during the quarter, compared to analyst estimates of $475.75 million. During the same quarter in the previous year, the business earned $0.44 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. American Homes 4 Rent has set its FY 2025 guidance at 1.860-1.88 EPS. Equities research analysts predict that American Homes 4 Rent will post 1.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jack E. Corrigan acquired 5,000 shares of American Homes 4 Rent stock in a transaction on Tuesday, December 9th. The shares were acquired at an average price of $22.96 per share, with a total value of $114,800.00. Following the purchase, the director directly owned 17,300 shares in the company, valued at $397,208. The trade was a 40.65% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas N. Benham acquired 1,000 shares of American Homes 4 Rent stock in a transaction on Wednesday, November 19th. The shares were bought at an average cost of $31.65 per share, for a total transaction of $31,650.00. Following the completion of the purchase, the director directly owned 7,991 shares of the company’s stock, valued at $252,915.15. The trade was a 14.30% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 6.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in American Homes 4 Rent in the second quarter worth about $796,706,000. Lasalle Investment Management Securities LLC lifted its position in shares of American Homes 4 Rent by 76.1% in the 3rd quarter. Lasalle Investment Management Securities LLC now owns 2,888,809 shares of the real estate investment trust’s stock worth $96,053,000 after purchasing an additional 1,248,131 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of American Homes 4 Rent by 102.9% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,372,586 shares of the real estate investment trust’s stock valued at $78,888,000 after purchasing an additional 1,203,093 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in American Homes 4 Rent by 25.9% during the third quarter. Centersquare Investment Management LLC now owns 5,271,280 shares of the real estate investment trust’s stock valued at $175,270,000 after buying an additional 1,082,972 shares during the period. Finally, First Trust Advisors LP raised its stake in American Homes 4 Rent by 2,035.9% in the second quarter. First Trust Advisors LP now owns 1,129,609 shares of the real estate investment trust’s stock worth $40,745,000 after buying an additional 1,076,722 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE: AMH) is a publicly traded real estate investment trust (REIT) specializing in the acquisition, development and management of single-family rental homes. Since its initial public offering in April 2013, the company has focused on building a large-scale, professionally managed portfolio of homes designed to meet the needs of today’s renters. Its business model emphasizes the acquisition of well-located properties coupled with consistent, in-house property management to drive occupancy and long-term value.

As of the most recent reporting, American Homes 4 Rent owns and operates tens of thousands of homes across the United States, with concentration in key Sun Belt and high-growth markets.