American Homes 4 Rent (NYSE:AMH) Downgraded to “Sell” at StockNews.com
American Homes 4 Rent (NYSE:AMH – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.
AMH has been the topic of several other reports. VNET Group reiterated a “maintains” rating on shares of American Homes 4 Rent in a report on Friday, May 26th. Mizuho increased their target price on shares of American Homes 4 Rent from $33.00 to $37.00 in a report on Friday, May 19th. Barclays increased their price objective on shares of American Homes 4 Rent from $38.00 to $41.00 in a research report on Wednesday, May 31st. Evercore ISI increased their price objective on shares of American Homes 4 Rent from $36.00 to $39.00 in a research report on Monday, May 8th. Finally, Citigroup increased their price objective on shares of American Homes 4 Rent from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, American Homes 4 Rent presently has an average rating of “Hold” and an average target price of $35.90.
American Homes 4 Rent Trading Up 0.6 %
Shares of NYSE AMH opened at $36.70 on Thursday. The company’s 50 day simple moving average is $35.07 and its 200 day simple moving average is $33.35. American Homes 4 Rent has a fifty-two week low of $28.78 and a fifty-two week high of $38.94. The firm has a market capitalization of $13.28 billion, a P/E ratio of 42.18, a P/E/G ratio of 3.33 and a beta of 0.67. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.88 and a quick ratio of 0.88.
Insiders Place Their Bets
In other American Homes 4 Rent news, COO Bryan Smith sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $35.25, for a total transaction of $881,250.00. Following the sale, the chief operating officer now directly owns 94,478 shares of the company’s stock, valued at approximately $3,330,349.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Sara H. Vogt-Lowell sold 8,789 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $34.88, for a total transaction of $306,560.32. Following the transaction, the insider now owns 62,879 shares in the company, valued at approximately $2,193,219.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Bryan Smith sold 25,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $35.25, for a total transaction of $881,250.00. Following the transaction, the chief operating officer now owns 94,478 shares in the company, valued at approximately $3,330,349.50. The disclosure for this sale can be found here. Insiders have sold 91,789 shares of company stock valued at $3,217,810 in the last ninety days. 6.03% of the stock is currently owned by insiders.
Institutional Trading of American Homes 4 Rent
A number of hedge funds and other institutional investors have recently bought and sold shares of AMH. Norges Bank bought a new stake in American Homes 4 Rent during the 4th quarter valued at $619,235,000. Price T Rowe Associates Inc. MD grew its stake in shares of American Homes 4 Rent by 5,494.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,876,063 shares of the real estate investment trust’s stock worth $172,808,000 after acquiring an additional 4,788,904 shares in the last quarter. Centersquare Investment Management LLC grew its stake in shares of American Homes 4 Rent by 725.9% in the 1st quarter. Centersquare Investment Management LLC now owns 4,816,638 shares of the real estate investment trust’s stock worth $192,810,000 after acquiring an additional 4,233,435 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of American Homes 4 Rent by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 43,405,083 shares of the real estate investment trust’s stock worth $1,737,505,000 after acquiring an additional 3,533,157 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of American Homes 4 Rent by 250.4% in the 1st quarter. Balyasny Asset Management L.P. now owns 3,890,443 shares of the real estate investment trust’s stock worth $122,354,000 after acquiring an additional 2,780,113 shares in the last quarter. Institutional investors own 83.36% of the company’s stock.
American Homes 4 Rent Company Profile
American Homes 4 Rent (NYSE: AMH), which does business as AMH, is a leading single-family property owner, leasing operator and build-to-rent developer. We’re an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties.
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