Zacks Investment Research Lowers American Homes 4 Rent (NYSE:AMH) to Hold

American Homes 4 Rent (NYSE:AMH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

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. “

A number of other analysts have also weighed in on the stock. Morgan Stanley increased their price objective on shares of American Homes 4 Rent from $27.50 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Evercore ISI restated a “buy” rating and set a $27.00 target price on shares of American Homes 4 Rent in a research report on Tuesday, November 12th. Goldman Sachs Group assumed coverage on American Homes 4 Rent in a research note on Friday, November 8th. They set a “buy” rating and a $29.00 target price on the stock. ValuEngine downgraded American Homes 4 Rent from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, B. Riley set a $28.00 price target on American Homes 4 Rent and gave the stock a “buy” rating in a report on Friday, August 16th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. American Homes 4 Rent currently has an average rating of “Hold” and a consensus target price of $27.22.

Shares of AMH traded down $0.01 during midday trading on Friday, hitting $26.35. The stock had a trading volume of 43,960 shares, compared to its average volume of 2,063,972. American Homes 4 Rent has a 1 year low of $18.91 and a 1 year high of $27.14. The firm has a market cap of $8.03 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 2.41 and a beta of 0.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day moving average is $26.24 and its 200 day moving average is $25.33.

American Homes 4 Rent (NYSE:AMH) last released its earnings results on Thursday, November 7th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.19). American Homes 4 Rent had a return on equity of 2.03% and a net margin of 10.74%. The firm had revenue of $298.30 million during the quarter, compared to the consensus estimate of $290.51 million. During the same quarter last year, the business posted $0.27 EPS. American Homes 4 Rent’s revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that American Homes 4 Rent will post 1.12 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cohen & Steers Inc. increased its position in shares of American Homes 4 Rent by 34.0% during the second quarter. Cohen & Steers Inc. now owns 16,332,187 shares of the real estate investment trust’s stock worth $397,035,000 after acquiring an additional 4,145,419 shares during the period. State Street Corp boosted its holdings in shares of American Homes 4 Rent by 1.7% in the third quarter. State Street Corp now owns 10,798,935 shares of the real estate investment trust’s stock valued at $279,584,000 after purchasing an additional 183,056 shares during the period. Invesco Ltd. grew its stake in American Homes 4 Rent by 177.2% in the second quarter. Invesco Ltd. now owns 6,983,625 shares of the real estate investment trust’s stock worth $169,773,000 after purchasing an additional 4,464,448 shares in the last quarter. Nuveen Asset Management LLC grew its stake in American Homes 4 Rent by 273.1% in the second quarter. Nuveen Asset Management LLC now owns 5,976,811 shares of the real estate investment trust’s stock worth $145,297,000 after purchasing an additional 4,374,907 shares in the last quarter. Finally, Zimmer Partners LP increased its holdings in American Homes 4 Rent by 38.0% during the 3rd quarter. Zimmer Partners LP now owns 5,145,629 shares of the real estate investment trust’s stock worth $133,220,000 after purchasing an additional 1,417,088 shares during the period. Institutional investors own 86.43% of the company’s stock.

About American Homes 4 Rent

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, renovating, leasing, and operating attractive, single-family homes as rental properties.

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