American Homes 4 Rent (NYSE:AMH) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in shares of American Homes 4 Rent (NYSE:AMH) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 163,659 shares of the real estate investment trust’s stock after selling 11,007 shares during the period. Amalgamated Bank’s holdings in American Homes 4 Rent were worth $6,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of American Homes 4 Rent during the second quarter valued at approximately $32,000. Wetzel Investment Advisors Inc. acquired a new position in American Homes 4 Rent in the 2nd quarter valued at $44,000. Opal Wealth Advisors LLC purchased a new position in American Homes 4 Rent in the 2nd quarter valued at $54,000. GAMMA Investing LLC boosted its stake in American Homes 4 Rent by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 1,557 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 302 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of American Homes 4 Rent by 216.3% during the fourth quarter. Quarry LP now owns 1,923 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 1,315 shares in the last quarter. 91.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMH has been the topic of a number of recent research reports. Barclays lowered their price target 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. UBS Group upped their price target on American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Scotiabank reiterated an “outperform” rating and set a $42.00 price objective on shares of American Homes 4 Rent in a research report on Wednesday, August 21st. JPMorgan Chase & Co. upped their target price on American Homes 4 Rent from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Evercore ISI lifted their price target on American Homes 4 Rent from $41.00 to $42.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.60.

American Homes 4 Rent Stock Performance

Shares of AMH stock opened at $39.62 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $14.51 billion, a P/E ratio of 40.43, a P/E/G ratio of 3.35 and a beta of 0.76. The firm’s 50 day moving average price is $38.26 and its 200-day moving average price is $36.91. American Homes 4 Rent has a one year low of $31.36 and a one year high of $41.41.

American Homes 4 Rent (NYSE:AMH) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.18). American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The firm had revenue of $423.50 million for the quarter, compared to analyst estimates of $422.46 million. During the same quarter last year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts predict that American Homes 4 Rent will post 1.76 EPS for the current year.

American Homes 4 Rent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, September 13th. American Homes 4 Rent’s dividend payout ratio is currently 106.12%.

American Homes 4 Rent 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.