American Homes 4 Rent (NYSE:AMH) Stock Price Breaks Below 200 Day Moving Average – Here’s What Happened

American Homes 4 Rent (NYSE:AMH)’s share price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $31.60 and traded as low as $31.12. American Homes 4 Rent shares last traded at $31.1840, with a volume of 2,082,740 shares traded.

Analysts Set New Price Targets

AMH has been the subject of several recent research reports. Jefferies Financial Group upgraded American Homes 4 Rent to a “strong-buy” rating in a research report on Wednesday, July 22nd. Mizuho raised American Homes 4 Rent from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $35.00 to $36.00 in a report on Monday, September 21st. Weiss Ratings restated a “hold (c)” rating on shares of American Homes 4 Rent in a research note on Monday, August 17th. JPMorgan Chase & Co. lifted their target price on American Homes 4 Rent from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Finally, Scotiabank reduced their target price on American Homes 4 Rent from $33.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.12.

American Homes 4 Rent Stock Up 0.3%

The company’s 50 day simple moving average is $31.66 and its 200-day simple moving average is $31.61. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $11.41 billion, a PE ratio of 25.12, a PEG ratio of 4.81 and a beta of 0.77.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. The firm had revenue of $470.10 million during the quarter, compared to analyst estimates of $466.51 million. American Homes 4 Rent had a net margin of 25.53% and a return on equity of 6.25%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. On average, analysts forecast that American Homes 4 Rent will post 1.91 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, September 15th. American Homes 4 Rent’s dividend payout ratio (DPR) is 104.76%.

Insider Transactions at American Homes 4 Rent

In other American Homes 4 Rent news, Director Jack Corrigan bought 8,000 shares of American Homes 4 Rent stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average cost of $21.49 per share, for a total transaction of $171,920.00. Following the completion of the transaction, the director directly owned 25,000 shares in the company, valued at $537,250. This represents a 47.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 15,000 shares of company stock worth $328,040 over the last three months. 5.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On American Homes 4 Rent

A number of institutional investors have recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp lifted its stake in American Homes 4 Rent by 3.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 12,112 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 424 shares during the last quarter. Assetmark Inc. grew its stake in shares of American Homes 4 Rent by 7.2% during the first quarter. Assetmark Inc. now owns 6,427 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 431 shares during the last quarter. Abel Hall LLC grew its stake in shares of American Homes 4 Rent by 2.8% during the third quarter. Abel Hall LLC now owns 17,159 shares of the real estate investment trust’s stock valued at $521,000 after buying an additional 469 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of American Homes 4 Rent by 70.3% during the first quarter. Bessemer Group Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 483 shares during the last quarter. Finally, Allstate Corp grew its stake in shares of American Homes 4 Rent by 2.4% during the second quarter. Allstate Corp now owns 26,222 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 622 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors.

American Homes 4 Rent Company Profile

American Homes 4 Rent (NYSE:AMH) is a real estate investment trust that owns, operates and develops single-family rental homes in the United States. The company provides professionally managed rental housing to individuals and families, with properties generally located in suburban communities and designed for long-term occupancy.

The company’s activities include acquiring, constructing, renovating, leasing and maintaining single-family homes. Its portfolio includes detached houses with features such as private yards, garages and modern appliances.