American Homes 4 Rent (NYSE:AMH) Downgraded by Evercore ISI to “Inline”

Evercore ISI lowered shares of American Homes 4 Rent (NYSE:AMHGet Rating) from an outperform rating to an inline rating in a research note released on Monday, MarketBeat reports. The brokerage currently has $33.00 target price on the real estate investment trust’s stock, down from their prior target price of $34.00.

Several other brokerages have also weighed in on AMH. Royal Bank of Canada lowered their target price on shares of American Homes 4 Rent from $40.00 to $37.00 and set an outperform rating on the stock in a research report on Monday, November 7th. Mizuho lowered their target price on shares of American Homes 4 Rent from $42.00 to $37.00 and set a buy rating on the stock in a research report on Thursday, October 6th. Jefferies Financial Group lowered their target price on shares of American Homes 4 Rent from $45.00 to $38.00 and set a buy rating on the stock in a research report on Wednesday, October 19th. B. Riley lowered their price target on shares of American Homes 4 Rent from $43.00 to $36.00 in a research report on Tuesday, November 8th. Finally, StockNews.com lowered shares of American Homes 4 Rent from a hold rating to a sell rating in a research report on Friday, November 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, American Homes 4 Rent presently has an average rating of Moderate Buy and a consensus target price of $39.40.

American Homes 4 Rent Trading Down 0.6 %

Shares of AMH opened at $31.81 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average is $32.46 and its two-hundred day moving average is $34.96. American Homes 4 Rent has a twelve month low of $29.31 and a twelve month high of $44.07. The firm has a market capitalization of $11.24 billion, a P/E ratio of 53.02, a PEG ratio of 2.68 and a beta of 0.58.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Wednesday, December 14th. American Homes 4 Rent’s payout ratio is 120.00%.

Insider Activity at American Homes 4 Rent

In related news, COO Bryan Smith sold 5,519 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $35.67, for a total transaction of $196,862.73. Following the transaction, the chief operating officer now owns 81,287 shares of the company’s stock, valued at $2,899,507.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other American Homes 4 Rent news, COO Bryan Smith sold 5,519 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $35.67, for a total transaction of $196,862.73. Following the transaction, the chief operating officer now owns 81,287 shares of the company’s stock, valued at $2,899,507.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth M. Woolley sold 10,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $36.69, for a total transaction of $366,900.00. Following the transaction, the director now directly owns 20,128 shares in the company, valued at approximately $738,496.32. The disclosure for this sale can be found here. Insiders own 6.03% of the company’s stock.

Hedge Funds Weigh In On American Homes 4 Rent

A number of large investors have recently bought and sold shares of the stock. Ellevest Inc. raised its stake in shares of American Homes 4 Rent by 86.2% in the 2nd quarter. Ellevest Inc. now owns 728 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 337 shares during the period. Arlington Partners LLC purchased a new position in shares of American Homes 4 Rent in the 2nd quarter valued at $27,000. Charter Oak Capital Management LLC purchased a new position in shares of American Homes 4 Rent in the 2nd quarter valued at $31,000. Bessemer Group Inc. raised its stake in shares of American Homes 4 Rent by 696.7% in the 3rd quarter. Bessemer Group Inc. now owns 956 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 836 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of American Homes 4 Rent in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

American Homes 4 Rent Company Profile

(Get 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 high-quality, good value and tenant satisfaction. 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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