American Homes 4 Rent (NYSE:AMH) Reaches New 12-Month Low on Analyst Downgrade

American Homes 4 Rent (NYSE:AMH) shares reached a new 52-week low on Friday after Wall Street Zen downgraded the stock from a hold rating to a sell rating. The stock traded as low as $31.67 and last traded at $32.0450, with a volume of 207502 shares changing hands. The stock had previously closed at $32.09.

Other equities research analysts also recently issued reports about the stock. Wolfe Research raised shares of American Homes 4 Rent from a “peer perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Thursday, October 2nd. The Goldman Sachs Group downgraded shares of American Homes 4 Rent from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $43.00 to $37.00 in a report on Wednesday, September 17th. Morgan Stanley increased their price target on shares of American Homes 4 Rent from $40.50 to $41.00 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Mizuho lowered their price target on shares of American Homes 4 Rent from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. Finally, Barclays lowered their price target on shares of American Homes 4 Rent from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 12th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in American Homes 4 Rent during the second quarter valued at approximately $796,706,000. JPMorgan Chase & Co. grew its position in American Homes 4 Rent by 15.2% during the first quarter. JPMorgan Chase & Co. now owns 15,899,721 shares of the real estate investment trust’s stock valued at $601,169,000 after acquiring an additional 2,094,497 shares during the last quarter. Geode Capital Management LLC grew its position in American Homes 4 Rent by 0.4% during the second quarter. Geode Capital Management LLC now owns 6,964,813 shares of the real estate investment trust’s stock valued at $250,566,000 after acquiring an additional 31,179 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in American Homes 4 Rent by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,421,478 shares of the real estate investment trust’s stock valued at $159,483,000 after acquiring an additional 54,618 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its position in American Homes 4 Rent by 4.1% during the second quarter. Burgundy Asset Management Ltd. now owns 4,280,147 shares of the real estate investment trust’s stock valued at $154,385,000 after acquiring an additional 168,851 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Price Performance

The company has a quick ratio of 0.88, a current ratio of 0.41 and a debt-to-equity ratio of 0.62. The business’s 50-day simple moving average is $33.47 and its 200 day simple moving average is $35.45. The firm has a market capitalization of $11.73 billion, a P/E ratio of 26.79, a PEG ratio of 2.93 and a beta of 0.75.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of ($916.78) million for the quarter, compared to analysts’ expectations of $475.75 million. During the same period last year, the business earned $0.44 earnings per share. The business’s quarterly 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. Sell-side analysts forecast that American Homes 4 Rent will post 1.85 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.30 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 101.69%.

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.