American Homes 4 Rent (NYSE:AMH) Reaches New 1-Year Low – Should You Sell?

American Homes 4 Rent (NYSE:AMH)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $33.24 and last traded at $33.46, with a volume of 825466 shares traded. The stock had previously closed at $33.96.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMH shares. Royal Bank of Canada reduced their price target on American Homes 4 Rent from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Morgan Stanley upgraded shares of American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $39.00 to $40.00 in a research note on Friday, January 24th. Scotiabank downgraded 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 research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft cut shares of American Homes 4 Rent from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $37.00 in a research note on Tuesday, January 21st. Finally, Mizuho lowered their price target on American Homes 4 Rent from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.23.

American Homes 4 Rent Stock Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 0.76 and a quick ratio of 0.58. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 3.56 and a beta of 0.73. The firm has a 50 day simple moving average of $35.87 and a 200-day simple moving average of $36.72.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.30. The company had revenue of $436.59 million for the quarter, compared to analysts’ expectations of $442.02 million. American Homes 4 Rent had a return on equity of 5.33% and a net margin of 23.86%. As a group, analysts predict that American Homes 4 Rent will post 1.85 EPS for the current fiscal year.

American Homes 4 Rent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.30 per share. This is a boost from American Homes 4 Rent’s previous quarterly dividend of $0.26. This represents a $1.20 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, March 14th. American Homes 4 Rent’s payout ratio is 111.11%.

Hedge Funds Weigh In On American Homes 4 Rent

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMH. Vanguard Group Inc. boosted its stake in American Homes 4 Rent by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 44,948,804 shares of the real estate investment trust’s stock valued at $1,681,984,000 after acquiring an additional 240,583 shares in the last quarter. Norges Bank purchased a new stake in shares of American Homes 4 Rent during the 4th quarter worth approximately $822,019,000. Principal Financial Group Inc. boosted its stake in shares of American Homes 4 Rent by 6.8% during the 4th quarter. Principal Financial Group Inc. now owns 15,987,142 shares of the real estate investment trust’s stock worth $598,232,000 after acquiring an additional 1,015,351 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of American Homes 4 Rent by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 13,805,224 shares of the real estate investment trust’s stock worth $516,591,000 after acquiring an additional 689,741 shares during the period. Finally, FMR LLC increased its stake in American Homes 4 Rent by 9.2% in the 4th quarter. FMR LLC now owns 8,983,364 shares of the real estate investment trust’s stock valued at $336,157,000 after purchasing an additional 757,772 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

About American Homes 4 Rent

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.