Barclays Cuts American Homes 4 Rent (NYSE:AMH) Price Target to $37.00

American Homes 4 Rent (NYSE:AMH) had its price target cut by Barclays from $39.00 to $37.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other brokerages have also weighed in on AMH. StockNews.com lowered shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Mizuho increased their target price on shares of American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Scotiabank lowered shares of American Homes 4 Rent from a “sector outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a report on Thursday. Evercore ISI upgraded shares of American Homes 4 Rent from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $42.00 in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $37.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.67.

American Homes 4 Rent Trading Down 0.1 %

Shares of NYSE AMH opened at $34.60 on Friday. American Homes 4 Rent has a 1-year low of $33.75 and a 1-year high of $41.41. The company has a market cap of $12.78 billion, a PE ratio of 36.04, a P/E/G ratio of 2.93 and a beta of 0.78. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $36.78 and a two-hundred day moving average of $37.54.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that American Homes 4 Rent will post 1.77 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Friday, December 13th. American Homes 4 Rent’s dividend payout ratio (DPR) is currently 108.33%.

Insider Activity at American Homes 4 Rent

In other news, Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $24.49 per share, for a total transaction of $80,474.14. Following the completion of the purchase, the director now directly owns 41,946 shares in the company, valued at $1,027,257.54. The trade was a 8.50 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Bryan Smith sold 40,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $37.80, for a total transaction of $1,512,000.00. Following the completion of the sale, the chief operating officer now owns 125,580 shares of the company’s stock, valued at approximately $4,746,924. This represents a 24.16 % decrease in their position. The disclosure for this sale can be found here. 6.32% of the stock is owned by insiders.

Institutional Trading of American Homes 4 Rent

Large investors have recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. acquired a new stake in American Homes 4 Rent in the third quarter valued at $25,000. UMB Bank n.a. lifted its stake in shares of American Homes 4 Rent by 331.9% during the 3rd quarter. UMB Bank n.a. now owns 786 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 604 shares during the last quarter. Assetmark Inc. lifted its stake in shares of American Homes 4 Rent by 359.1% during the 3rd quarter. Assetmark Inc. now owns 1,010 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 790 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of American Homes 4 Rent by 31.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,144 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 275 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of American Homes 4 Rent during the 3rd quarter worth about $53,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Company Profile

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.