SYSTM Wealth Solutions LLC Sells 1,195 Shares of American Homes 4 Rent (NYSE:AMH)

SYSTM Wealth Solutions LLC lowered its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 40.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,746 shares of the real estate investment trust’s stock after selling 1,195 shares during the period. SYSTM Wealth Solutions LLC’s holdings in American Homes 4 Rent were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Cohen & Steers Inc. raised its position in American Homes 4 Rent by 41.0% during the 4th quarter. Cohen & Steers Inc. now owns 8,862,999 shares of the real estate investment trust’s stock worth $318,755,000 after purchasing an additional 2,575,854 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of American Homes 4 Rent by 180.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,609,792 shares of the real estate investment trust’s stock worth $93,848,000 after acquiring an additional 1,679,846 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of American Homes 4 Rent by 80.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,539,015 shares of the real estate investment trust’s stock worth $127,263,000 after acquiring an additional 1,574,295 shares during the period. Vanguard Group Inc. boosted its holdings in American Homes 4 Rent by 2.5% in the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock valued at $1,679,868,000 after acquiring an additional 1,094,714 shares during the last quarter. Finally, PGGM Investments acquired a new stake in American Homes 4 Rent during the 1st quarter valued at approximately $32,199,000. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Trading Up 0.4 %

AMH opened at $39.81 on Friday. American Homes 4 Rent has a fifty-two week low of $31.36 and a fifty-two week high of $41.41. The firm has a market capitalization of $14.58 billion, a PE ratio of 40.62, a P/E/G ratio of 3.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 1.54. The company’s 50-day moving average is $38.18 and its 200 day moving average is $36.89.

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). The company had revenue of $423.50 million during the quarter, compared to analysts’ expectations of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. As a group, research analysts predict that American Homes 4 Rent will post 1.76 earnings per share for the current fiscal year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.61%. American Homes 4 Rent’s payout ratio is 106.12%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMH. JPMorgan Chase & Co. upped their price objective on shares of American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Monday. The Goldman Sachs Group assumed coverage on shares of American Homes 4 Rent in a research report on Wednesday, September 4th. They set a “buy” rating and a $48.00 price target on the stock. Evercore ISI lifted their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a research report on Monday. Royal Bank of Canada upped their target price on 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. Finally, Wells Fargo & Company upgraded American Homes 4 Rent from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $36.00 to $42.00 in a report on Monday, August 26th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.60.

About American Homes 4 Rent

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.