Mutual of America Capital Management LLC Cuts Stock Holdings in American Homes 4 Rent (NYSE:AMH)

Mutual of America Capital Management LLC lowered its position in American Homes 4 Rent (NYSE:AMH) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,248 shares of the real estate investment trust’s stock after selling 5,259 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of American Homes 4 Rent worth $6,847,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. purchased a new stake in American Homes 4 Rent in the 2nd quarter valued at about $438,000. Dimensional Fund Advisors LP grew its holdings in shares of American Homes 4 Rent by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,935,560 shares of the real estate investment trust’s stock valued at $183,403,000 after acquiring an additional 334,358 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of American Homes 4 Rent by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,951,840 shares of the real estate investment trust’s stock valued at $146,850,000 after acquiring an additional 37,757 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in American Homes 4 Rent by 6.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 208,644 shares of the real estate investment trust’s stock worth $7,753,000 after acquiring an additional 12,201 shares during the period. Finally, Federated Hermes Inc. boosted its position in American Homes 4 Rent by 14.0% in the second quarter. Federated Hermes Inc. now owns 46,259 shares of the real estate investment trust’s stock worth $1,719,000 after purchasing an additional 5,690 shares during the last quarter. 91.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMH has been the subject of several research analyst reports. StockNews.com raised American Homes 4 Rent from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Barclays lowered their price objective on shares of American Homes 4 Rent from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. Royal Bank of Canada increased their target price on shares of American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. The Goldman Sachs Group began coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They issued a “buy” rating and a $48.00 price objective on the stock. Finally, Wells Fargo & Company raised American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $36.00 to $42.00 in a report on Monday, August 26th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and an average price target of $41.60.

American Homes 4 Rent Stock Up 0.4 %

AMH stock opened at $39.81 on Friday. The stock has a 50-day simple moving average of $38.18 and a two-hundred day simple moving average of $36.89. American Homes 4 Rent has a twelve month low of $31.36 and a twelve month high of $41.41. The firm has a market capitalization of $14.58 billion, a PE ratio of 40.62, a PEG ratio of 3.35 and a beta of 0.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65.

American Homes 4 Rent (NYSE:AMH) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.18). American Homes 4 Rent had a net margin of 21.83% and a return on equity of 4.89%. The firm had revenue of $423.50 million for the quarter, compared to analysts’ expectations of $422.46 million. During the same period in the prior year, the firm posted $0.41 EPS. American Homes 4 Rent’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts predict that American Homes 4 Rent will post 1.76 EPS for the current fiscal year.

American Homes 4 Rent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.26 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.61%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.