Zacks Investment Research cut shares of American Homes 4 Rent (NYSE:AMH) from a buy rating to a hold rating in a report released on Wednesday morning.

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. “

AMH has been the subject of several other reports. Raymond James Financial Inc. increased their price objective on American Homes 4 Rent from $24.00 to $26.00 and gave the stock a buy rating in a research note on Thursday, September 8th. Zelman & Associates upgraded American Homes 4 Rent from a hold rating to a buy rating in a research note on Monday, August 8th. FBR & Co reiterated an outperform rating on shares of American Homes 4 Rent in a research note on Friday, September 23rd. JPMorgan Chase & Co. reiterated a neutral rating and set a $20.00 price objective (up from $19.00) on shares of American Homes 4 Rent in a research note on Saturday, August 13th. Finally, Wells Fargo & Co. reiterated a hold rating on shares of American Homes 4 Rent in a research note on Wednesday, August 17th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. American Homes 4 Rent currently has an average rating of Hold and an average target price of $23.40.

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

American Homes 4 Rent (NYSE:AMH) traded up 0.171% during midday trading on Wednesday, reaching $20.495. 181,164 shares of the company traded hands. The company’s market cap is $4.89 billion. The company has a 50-day moving average price of $21.47 and a 200-day moving average price of $19.43. American Homes 4 Rent has a 12-month low of $13.16 and a 12-month high of $22.99.

American Homes 4 Rent (NYSE:AMH) last issued its earnings results on Thursday, August 4th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. The firm earned $221 million during the quarter, compared to analyst estimates of $219.32 million. American Homes 4 Rent had a negative net margin of 4.72% and a negative return on equity of 0.83%. The business’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. On average, analysts predict that American Homes 4 Rent will post $0.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.05 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.98%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently -66.66%.

In other American Homes 4 Rent news, COO Jack E. Corrigan sold 91,324 shares of the company’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $20.97, for a total value of $1,915,064.28. Following the sale, the chief operating officer now owns 100 shares in the company, valued at approximately $2,097. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bryan Smith sold 12,000 shares of the company’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $21.70, for a total value of $260,400.00. The disclosure for this sale can be found here. 23.31% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC raised its stake in American Homes 4 Rent by 89.2% in the first quarter. Aperio Group LLC now owns 32,366 shares of the company’s stock worth $515,000 after buying an additional 15,256 shares during the period. TIAA CREF Investment Management LLC raised its stake in American Homes 4 Rent by 19.3% in the first quarter. TIAA CREF Investment Management LLC now owns 319,177 shares of the company’s stock worth $5,075,000 after buying an additional 51,543 shares during the period. Teachers Advisors Inc. raised its stake in American Homes 4 Rent by 29.0% in the first quarter. Teachers Advisors Inc. now owns 208,769 shares of the company’s stock worth $3,319,000 after buying an additional 46,931 shares during the period. BlackRock Group LTD raised its stake in American Homes 4 Rent by 27.1% in the first quarter. BlackRock Group LTD now owns 1,337,917 shares of the company’s stock worth $21,273,000 after buying an additional 285,405 shares during the period. Finally, BlackRock Fund Advisors raised its stake in American Homes 4 Rent by 19.2% in the first quarter. BlackRock Fund Advisors now owns 3,086,934 shares of the company’s stock worth $49,082,000 after buying an additional 496,278 shares during the period. Hedge funds and other institutional investors own 72.47% 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.

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