American Homes 4 Rent (NYSE:AMH) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of American Homes 4 Rent (NYSE:AMH) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,174 shares of the real estate investment trust’s stock after selling 18,432 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.09% of American Homes 4 Rent worth $12,675,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of American Homes 4 Rent by 2.5% during the first quarter. Vanguard Group Inc. now owns 45,673,416 shares of the real estate investment trust’s stock worth $1,679,868,000 after purchasing an additional 1,094,714 shares in the last quarter. PGGM Investments acquired a new position in American Homes 4 Rent during the 1st quarter worth approximately $32,199,000. Price T Rowe Associates Inc. MD boosted its holdings in American Homes 4 Rent by 6.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,830,756 shares of the real estate investment trust’s stock worth $324,798,000 after acquiring an additional 507,307 shares during the period. Marshall Wace LLP acquired a new stake in American Homes 4 Rent in the second quarter valued at approximately $17,367,000. Finally, American International Group Inc. raised its stake in shares of American Homes 4 Rent by 15,281.0% during the first quarter. American International Group Inc. now owns 421,131 shares of the real estate investment trust’s stock valued at $15,489,000 after purchasing an additional 418,393 shares during the period. 91.87% of the stock is currently owned by institutional investors and hedge funds.

American Homes 4 Rent Price Performance

AMH opened at $38.29 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.65. The company’s 50-day moving average price is $38.87 and its 200 day moving average price is $37.24. 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 cap of $14.03 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 3.10 and a beta of 0.76.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.25 earnings per share (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 the consensus estimate of $422.46 million. American Homes 4 Rent had a return on equity of 4.89% and a net margin of 21.83%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. As a group, sell-side analysts expect that American Homes 4 Rent will post 1.76 earnings per share for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.72%. American Homes 4 Rent’s dividend payout ratio (DPR) is presently 106.12%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of American Homes 4 Rent from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. The Goldman Sachs Group began coverage on American Homes 4 Rent in a research note on Wednesday, September 4th. They set a “buy” rating and a $48.00 target price for the company. Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Royal Bank of Canada raised their price objective on American Homes 4 Rent from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, StockNews.com lowered American Homes 4 Rent from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.67.

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.