BidaskClub Lowers American Homes 4 Rent (NYSE:AMH) to Sell

American Homes 4 Rent (NYSE:AMH) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

Several other equities analysts have also issued reports on the company. Zacks Investment Research raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research note on Monday, April 17th. FBR & Co reaffirmed a “buy” rating on shares of American Homes 4 Rent in a research note on Thursday, April 13th. Evercore ISI initiated coverage on American Homes 4 Rent in a research note on Monday, June 5th. They set an “in-line” rating and a $24.50 price target on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $24.00 price target on shares of American Homes 4 Rent in a research note on Monday, May 15th. Finally, Mizuho raised American Homes 4 Rent from a “neutral” rating to a “buy” rating and set a $25.50 price target on the stock in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. American Homes 4 Rent has an average rating of “Hold” and a consensus target price of $24.38.

American Homes 4 Rent (NYSE:AMH) traded down 1.18% on Friday, reaching $21.85. The company had a trading volume of 913,564 shares. The company’s market capitalization is $5.69 billion. The company’s 50 day moving average price is $22.69 and its 200-day moving average price is $22.75. American Homes 4 Rent has a 12 month low of $19.63 and a 12 month high of $23.98.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.04. American Homes 4 Rent had a net margin of 3.82% and a return on equity of 0.70%. The firm had revenue of $237 million for the quarter, compared to analyst estimates of $236.28 million. During the same period last year, the company earned $0.25 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, equities analysts predict that American Homes 4 Rent will post $0.05 earnings per share for the current fiscal year.

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In other American Homes 4 Rent news, insider Bryan Smith sold 12,432 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $22.40, for a total value of $278,476.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.82% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of American Homes 4 Rent by 249.3% in the second quarter. Bank of Montreal Can now owns 428,244 shares of the real estate investment trust’s stock valued at $9,666,000 after buying an additional 305,641 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of American Homes 4 Rent by 1.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,631 shares of the real estate investment trust’s stock valued at $349,000 after buying an additional 318 shares during the period. BlackRock Inc. boosted its position in shares of American Homes 4 Rent by 3,164.1% in the first quarter. BlackRock Inc. now owns 13,072,212 shares of the real estate investment trust’s stock valued at $300,137,000 after buying an additional 12,671,722 shares during the period. Principal Financial Group Inc. boosted its position in shares of American Homes 4 Rent by 435.1% in the first quarter. Principal Financial Group Inc. now owns 2,480,682 shares of the real estate investment trust’s stock valued at $56,956,000 after buying an additional 2,017,079 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of American Homes 4 Rent by 105.1% in the first quarter. Wells Fargo & Company MN now owns 344,780 shares of the real estate investment trust’s stock valued at $7,916,000 after buying an additional 176,711 shares during the period. Institutional investors and hedge funds own 92.84% of the company’s stock.

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.

Analyst Recommendations for American Homes 4 Rent (NYSE:AMH)

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